APICS Certified Supply Chain Professional (CSCP) — Question 323
Which of the following forecasting techniques is most appropriate when data is scarce?
Answer options
- A. Seasonal analysis
- B. Computer simulation
- C. Delphi method
- D. Linear regression
Correct answer: C
Explanation
The Delphi method is ideal for forecasting when data is scarce because it relies on expert opinions rather than historical data. In contrast, seasonal analysis, computer simulation, and linear regression typically require more data to provide accurate predictions, making them less suitable in scenarios with limited information.