Qualitative approaches to forecasting include:
A) statistical analysis of historical data.
B) mathematical models.
C) expert opinion.
D) all of the above.

Question

Quizplus · Accepted Answer

Qualitative approaches to forecasting rely on subjective assessments and expert opinions rather than quantitative analysis or mathematical models. Therefore, the best choice is option C, expert opinion, and options A and B (which rely on quantitative analysis) are not appropriate answers for this question.

Qualitative Approaches to Forecasting Include