When management has sufficient hard data, it prefers what type of forecasting technique?
A)predictive
B)quantitative
C)long-term
D)qualitative
E)fact-based

Question

Quizplus · Accepted Answer

When management has access to hard data, they prefer to use quantitative forecasting techniques, which rely on statistical analysis and mathematical models to make predictions. This approach is preferred because it is more objective and data-driven, giving management greater confidence in the accuracy of the forecast. Predictive and fact-based are somewhat redundant, and long-term and qualitative are not necessarily relevant factors when considering the preferred forecasting technique for a given set of data.

When Management Has Sufficient Hard Data, It Prefers What Type