Which of the following factors refers to quantitative forecasting methods?
A) Judgment of the forecaster.
B) A formal model for analyzing historical data.
C) Prior experience of the forecaster.
D) Expertise of the forecaster.

Question

Quizplus · Accepted Answer

Quantitative forecasting methods refer to using formal models for analyzing historical data. Judgment, prior experience, and expertise are characteristics of the forecaster and can be used in both quantitative and qualitative forecasting methods.

Which of the Following Factors Refers to Quantitative Forecasting Methods