When statistical forecasting methods are used, it is no longer necessary to use judgmental methods as well.

Question

Quizplus · Accepted Answer

While statistical forecasting methods can provide valuable insights and predictions, they may not always capture all relevant factors and nuances. Therefore, it may still be necessary to use judgmental methods in addition to statistical methods. Incorporating both approaches can lead to more accurate and well-informed forecasts.

When Statistical Forecasting Methods Are Used, It Is No Longer