Advantages of qualitative forecasts include ability to incorporate

Name: Advantages of qualitative forecasts include ability to incorporate
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Qualitative forecasts can incorporate executive judgments and insights gained over a long period of time, leveraging experience and intuition that quantitative data might not capture. Personal biases, while a potential part of any human judgment process, are generally considered a disadvantage rather than an advantage.

Advantages of Qualitative Forecasts Include Ability to Incorporate