Forecasting methods that are primarily subjective and rely on human judgment are known as
A) qualitative forecasting methods.
B) time series forecasting methods.
C) causal forecasting methods.
D) simulation forecasting methods.
E) none of the above

Question

Quizplus · Accepted Answer

Qualitative forecasting methods rely on human judgment and subjective inputs such as expert opinions, surveys, and market research. Time series forecasting methods use historical data to make predictions, while causal forecasting methods consider the relationship between variables to make predictions. Simulation forecasting methods use computer models to simulate possible outcomes.

Forecasting Methods That Are Primarily Subjective and Rely on Human