As with all forecasting methods,statistical methods have important limitations.Most important of these is that statistical methods generally assume that the future will look very much like the past.This is an example of a limitation of qualitative forecasting.

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Statistical forecasting methods are examples of quantitative analysis. Statistical methods use history and various statistical techniques, such as multiple regression or time series analysis, to forecast the future based on an extrapolation of the past.

As with All Forecasting Methods,statistical Methods Have Important Limitations