The two general approaches to forecasting are:
A) qualitative and quantitative.
B) mathematical and statistical.
C) judgmental and qualitative.
D) historical and associative.
E) judgmental and associative.

Question

Quizplus · Accepted Answer

The two general approaches to forecasting are qualitative and quantitative. Qualitative forecasting relies on expert judgment and opinions to make estimates and predictions, while quantitative forecasting uses mathematical and statistical models to analyze historical data and identify patterns and trends.

The Two General Approaches to Forecasting Are