Which of the following statements is best regarding forecasting techniques?
A) qualitative techniques are based on judgment
B) techniques that use external economic indicators are classified as extrinsic
C) intrinsic techniques use historical data
D) all of the above are true
E) none of the above is true

Question

Quizplus · Accepted Answer

All three statements are true regarding forecasting techniques. Qualitative techniques are based on judgment, techniques that use external economic indicators are classified as extrinsic, and intrinsic techniques use historical data.

Which of the Following Statements Is Best Regarding Forecasting Techniques