Which of the following is a qualitative forecasting technique?
A)time series analysis
B)sales force composition
C)regression models
D)econometric models
E)substitution effect

Question

Quizplus · Accepted Answer

Sales force composition is a qualitative forecasting technique that involves gathering opinions and input from individuals within an organization, such as sales representatives, to make a subjective prediction about future sales trends. Time series analysis, regression models, and econometric models are all quantitative forecasting techniques that rely on statistical data and mathematical models. The substitution effect is a concept in economics that explains the tendency for consumers to substitute similar products for one another based on price changes, but it is not a forecasting technique.

Which of the Following Is a Qualitative Forecasting Technique