All of the following are true about qualitative forecasting methods except
A) They generally involve the use of expert judgment to develop forecasts.
B) They assume the pattern of the past will continue into the future.
C) They are appropriate when past data on the variable being forecast are not applicable.
D) They are appropriate when past data on the variable being forecast are not available.

Question

Quizplus · Accepted Answer

Qualitative forecasting methods do not assume that past patterns will continue into the future; instead, they rely on expert judgment and are used when historical data is not available or applicable.

All of the Following Are True About Qualitative Forecasting Methods