Quantitative forecasting applies a set of mathematical rules to __________.
A) develop predictions of outcomes from customers' opinions
B) a series of past data to predict outcomes
C) support the opinions of experts
D) estimate the number of products that should be produced at a given time
E) combine estimates from sales personnel of customers' expected purchases

Question

Quizplus · Accepted Answer

Quantitative forecasting uses mathematical techniques to analyze past data and project future outcomes. It does not rely on customer opinions, expert opinions or sales personnel estimates. It may be used to estimate the number of products to produce at a given time.

Quantitative Forecasting Applies a Set of Mathematical Rules to __________