Long-range qualitative forecasts are used to determine future demand for new products,markets and customers.

Question

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Long-range qualitative forecasts, which rely on expert opinions and judgment rather than statistical models, are commonly used to predict trends and demand for new products, markets, and customers. These forecasts might consider factors such as changes in consumer preferences, emerging technologies, economic conditions, and political developments. While they may be less precise than quantitative forecasts, they provide valuable insights for strategic planning and decision-making.

Long-Range Qualitative Forecasts Are Used to Determine Future Demand for New