Judgemental Forecasting and Delphi Method Quiz

• A method of forecasting based on judgmental and intuitive inputs
• A machine learning algorithm for demand forecasting
• A systematic and qualitative method of forecasting by collecting opinions from a group of experts through several rounds of questions (correct)
• A statistical forecasting technique based on historical data analysis

• When historical data is abundant and reliable
• When there is a complete lack of historical data (correct)
• When the market conditions remain consistent
• When machine learning algorithms are not available

• The use of data and algorithms to imitate the way that humans learn (correct)
• Forecasting based on expert opinions
• Manual input and analysis of historical data
• Qualitative methods for demand forecasting

<p>Increased computer power and increased demand volatility (B)</p> Signup and view all the answers

<p>Next evolution of the revenue management function involving mathematical thinking (C)</p> Signup and view all the answers