Qualitative managerial forecasts are based on historical data and involve complex statistical computations.

Name: Qualitative managerial forecasts are based on historical data and involve complex statistical computations.
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Managerial forecasts fall under two broad categories:quantitative forecasts, which are typically based on historical data or tests and often involve complex statistical computations, and qualitative forecasts, which are based more on intuitive judgments.

Qualitative Managerial Forecasts Are Based on Historical Data and Involve