Which of the following statements is true about quantitative methods?
A)They are appropriate for demand forecasting if there are causal relationships between explanatory variables.
B)They cannot be used for short or medium-to-intermediate timeframes.
C)They are used if measurable,historical data are not available.
D)They are inappropriate for demand forecasting if there are causal relationships between explanatory variables.

Question

Quizplus · Accepted Answer

Quantitative methods are appropriate for demand forecasting if there are causal relationships between explanatory variables. This allows for the use of statistical techniques to create a model that predicts how changes in these variables will affect demand in the future. Option B is incorrect as quantitative methods can be used for short or medium-to-intermediate timeframes. Option C is incorrect as measurable, historical data are typically necessary for quantitative methods to be effective. Option D is incorrect as causal relationships between explanatory variables make quantitative methods more effective for demand forecasting.

Which of the Following Statements Is True About Quantitative Methods