It has been clearly demonstrated that quantitative techniques of forecasting always result in less forecast error than qualitative techniques.

Question

Quizplus · Accepted Answer

Quantitative techniques do not always result in less forecast error than qualitative techniques because the effectiveness of a forecasting method depends on the context, data availability, and the nature of the forecast being made. Qualitative techniques can be more effective in situations where historical data is limited or not applicable.

It Has Been Clearly Demonstrated That Quantitative Techniques of Forecasting