A judgmental forecast is
A) based on a collection of subjective opinions..
B) a qualitative forecasting method.
C) both a & b
D) a quantitative forecasting method.

Question

Quizplus · Accepted Answer

A judgmental forecast involves using the opinions and expertise of individuals or groups to make predictions about future events or trends. It is a subjective and qualitative method of forecasting, as it relies on human judgment rather than objective data. Therefore, the correct answer is C) both a & b, as a judgmental forecast is both based on subjective opinions and is a qualitative forecasting method.

A Judgmental Forecast Is