All of the following are true about qualitative forecasting methods except a. They generally involve the use of expert judgment

Question

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All of the following are true about qualitative forecasting methods except a. They generally involve the use of expert judgment

to develop forecasts. b. They assume the pattern of the past will continue into the future. c. They are appropriate when past data on the variable being forecast are not applicable. d. They are appropriate when past data on the variable being forecast are not available.

Social Studies

1 answer:

Anni [1.5K] · Answer 1 · 2026-03-25T02:44:11+03:00

Answer:

B. They believe that historical trends will persist into the future

Explanation:

The Quantitative Forecasting Method employs statistics to predict future occurrences by analyzing historical data and its impacts.

These approaches rely on mathematical frameworks and are predominantly objective. They are based on mathematical computations. Some examples of methodologies in Quantitative forecasting include the Delphi technique, Sales force polling, and Consumer surveys.

Across all these strategies, specialists examine historical trends to forecast future events; however, the prior trends may not necessarily replicate in the future.