One quantitative forecasting models limitation is
A) it is objective
B) they are consistent
C) they are based on mathematical formulas
D) they are limited on the quality of available data
E) they can work around bad data

Question

Quizplus · Accepted Answer

Quantitative forecasting models rely heavily on the availability and quality of data. If the data used in the model is incomplete or inaccurate, the resulting forecast will also be inaccurate. Therefore, the limitation of these models is the quality of available data.

One Quantitative Forecasting Models Limitation Is