________ use management judgment, expertise, and opinion to make forecasts.
A) Qualitative methods
B) Regression
C) Time series
D) Quantitative methods

Question

Quizplus · Accepted Answer

Qualitative methods rely on subjective inputs such as opinions, judgment, and expertise, which are often used by management to make forecasts. Regression and time series, on the other hand, are quantitative methods that rely on historical data and mathematical models to make forecasts.

________ Use Management Judgment, Expertise, and Opinion to Make Forecasts