Which of the following differentiates statistical forecasting methods from judgmental forecasting methods?
A) Judgmental methods are of less use than statistical methods in cases that have historical precedence.
B) Statistical methods allow for complete reliance on an inference about the future which judgmental methods do not.
C) Judgmental methods give predictions that are much more precise than those that could be achieved through statistical methods.
D) Under the right conditions, statistical methods are more precise for capturing historic trends in a company's demand for labor than judgmental methods.
E) Forecasting on the supply side should use statistical methods while on the demand side should use judgmental methods.
Correct Answer:
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