Judgment methods of forecasting should never be used with quantitative forecasting methods.

Question

Quizplus · Accepted Answer

Judgment methods can be used in conjunction with quantitative methods to enhance the accuracy of forecasting. Experts can provide valuable insights and knowledge that may not be captured by data-driven models. However, it is important to balance subjective judgment with objective analysis to ensure that the forecasting process is credible and reliable.

Judgment Methods of Forecasting Should Never Be Used with Quantitative