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Exam CLTD All Questions

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Exam CLTD topic 1 question 3 discussion

Actual exam question from APICS's CLTD
Question #: 3
Topic #: 1
[All CLTD Questions]

Under what circumstances should management generally consider utilizing qualitative forecasting techniques?

  • A. When real-time data flow is available
  • B. When historic data is both clear and relatively stable
  • C. When developing strategic-level forecasts
  • D. When demand is dependent on bill of material (BOM) calculations
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Suggested Answer: B 🗳️

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nprestel
Highly Voted 4 years, 1 month ago
Answer is C. Quantitative analysis extrapolates historical demand into potential future demand, based on the idea that historical demand is a good indicator of future demand.
upvoted 5 times
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jackattack030
Most Recent 1 year, 10 months ago
quantitative forecasting techniques are an approach to forecasting where historical demand data is used to project future demand. Extrinsic and intrinsic techniques are typically used.
upvoted 1 times
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dailong142002
3 years, 2 months ago
Qualitative forecasting methods are subjective, based on the opinion and the judgment of consumers and experts; they are only appropriate when past data is not available. Examples of qualitative forecasting methods are, for instance, Informed opinion and judgment, Delphi method and Market research-Agreed C
upvoted 2 times
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Dpinv
3 years, 11 months ago
Qualitative data is also used when there is not sufficient data (C) is the answer
upvoted 2 times
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