Qualitative forecasting techniques tend to be less accurate than quantitative forecasting techniques.

Question

Quizplus · Accepted Answer

Qualitative forecasting techniques rely on expert judgments and opinions, while quantitative forecasting techniques use historical data and mathematical models. While qualitative techniques can provide valuable insights and context, they are often less precise and objective than quantitative techniques. Therefore, quantitative techniques tend to be more accurate in their predictions.

Qualitative Forecasting Techniques Tend to Be Less Accurate Than Quantitative