________ forecasting applies a set of mathematical rules to a series of past data to predict outcomes.
A)Qualitative
B)Revenue
C)Technological
D)Quantitative
E)Expense

Question

Quizplus · Accepted Answer

Quantitative forecasting uses mathematical models to analyze past data and predict future outcomes. This method is based on numerical data and can provide more accurate and objective results compared to qualitative forecasting, which relies on judgment and subjective opinions. Revenue and expense forecasting are subcategories of quantitative forecasting, focusing specifically on financial data. Technological forecasting, on the other hand, uses data on technological trends and advancements to predict how technology may impact an industry or market in the future.

________ Forecasting Applies a Set of Mathematical Rules to a Series