Final answer:
Linear programming is not a forecasting method; it is an optimization technique used for resource allocation and decision-making, unlike the other options which can play a role in making predictions about future trends or events. Therefore correct option is D
Step-by-step explanation:
The question asks which of the options listed is not a forecasting method. A forecasting method typically involves tools and techniques used to predict future events or trends based on historical data or expert judgment. Examining the options provided:
- Big data: This refers to extremely large data sets that can be analyzed computationally to reveal patterns, trends, and associations. It is not a specific forecasting method, but it provides the raw data that can contribute to forecasting models.
- Machine learning: This is a type of artificial intelligence that enables computers to learn from and make predictions based on data. Machine learning can be used for forecasting by finding patterns in historical data.
- Expert panel: An expert panel is a group of individuals with specialized knowledge that may be used to make predictions in certain fields. This collective intelligence approach is indeed a forecasting method.
- Linear programming: This is an optimization technique for achieving the best outcome in a mathematical model. Linear programming is not inherently a forecasting method but is more related to decision-making by optimizing resources.
Therefore, the correct answer is linear programming, which is not a forecasting method but rather an optimization tool used in operations research and other fields.