Select the correct statement.
A) Qualitative forecasts give the direction of change.
B) Quantitative forecasts give the exact amount or exact percentage change.
C) Diffusion forecasts use the proportion of the forecasts that are positive to forecast up or down.
D) Surveys are a form of qualitative forecasting.
E) all of the above are correct.

Question

Quizplus · Accepted Answer

All the statements are correct. Qualitative forecasts (A) indeed focus on the direction of change rather than precise amounts. Quantitative forecasts (B) aim to predict the exact amount or percentage change. Diffusion forecasts (C) rely on the proportion of positive forecasts to predict directional changes. Surveys (D) can be used as a method of gathering qualitative data, which can inform qualitative forecasts.

Select the Correct Statement