Lesson eLearning

Which of the following is NOT a type of forecasting method used in business planning?

easy MCQ 1 mark Class 12 · Business Studies · Planning
  1. A) qualitative
  2. B) quantitative
  3. C) predictive
  4. D) descriptive
Answer
D) descriptive

The correct answer is D) descriptive — Identify "descriptive" as a method for summarising past data, not predicting future events.

Step-by-step solution

  1. Define forecasting methods as systematic techniques used to predict future events.
  2. List the common types: qualitative and quantitative methods.
  3. Recognize that "predictive" is another term for quantitative methods.
  4. Identify "descriptive" as a method for summarising past data, not predicting future events.
Common mistake: Confusing descriptive with predictive forecasting

Concept tested: Forecasting methods

Published · How this solution was prepared and checked

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