Quantitative forecasting methods tend to be more accurate than qualitative methods.

Question

Quizplus · Accepted Answer

Quantitative forecasting methods rely on numerical data and mathematical models, which can lead to more accurate predictions. Qualitative methods rely on subjective opinions and judgments, which can be less reliable. However, the accuracy of any forecasting method depends on various factors, such as data quality, model assumptions, and external factors.

Quantitative Forecasting Methods Tend to Be More Accurate Than Qualitative