Holt-Winters' forecasting models are examples of qualitative and judgmental forecasting methods.

Question

Quizplus · Accepted Answer

Holt-Winters' forecasting models are actually quantitative forecasting methods that use time series data to make predictions. They incorporate trend, seasonality, and level components to forecast future values. Qualitative and judgmental forecasting methods, on the other hand, rely on expert opinions, surveys, or historical data to make predictions.

Holt-Winters' Forecasting Models Are Examples of Qualitative and Judgmental Forecasting