Using the opinions of persons with special expertise to make predictions about the future is called __________.
A)Quantitative forecasting.
B)Guesswork.
C)Qualitative forecasting.
D)Contingency planning.
E)Expert planning.

Question

Quizplus · Accepted Answer

Qualitative forecasting involves using expert opinions and knowledge to make predictions about the future. Quantitative forecasting involves using statistical analysis and data to make predictions. Guesswork is not a reliable or systematic method of making predictions. Contingency planning and expert planning are related to anticipating and preparing for specific situations and may involve both quantitative and qualitative forecasting, but are not as broad in scope as general forecasting.

Using the Opinions of Persons with Special Expertise to Make