Qualitative forecasting methods rely heavily on data sets.

Name: Qualitative forecasting methods rely heavily on data sets.
Brand: Quizplus
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Quizplus · Accepted Answer

Qualitative forecasting methods rely on expert judgment, opinions, and subjective insights rather than quantitative data sets. They are often used when there is limited historical data available or when external factors such as political, economic, or technological changes are expected to significantly impact the future.

Qualitative Forecasting Methods Rely Heavily on Data Sets