Using the opinions of persons with special expertise to make predictions about the future is called ___.
A) quantitative forecasting
B) guesswork
C) qualitative forecasting
D) contingency planning
E) expert planning

Question

Quizplus · Accepted Answer

Qualitative forecasting involves using the opinions and insights of experts to make predictions about the future. This is opposed to quantitative forecasting, which relies solely on historical data and statistical modeling. Guesswork is not a formal approach to forecasting, and contingency planning and expert planning are distinct types of planning that may incorporate forecasting but do not capture the specific approach of using expert opinions.

Using the Opinions of Persons with Special Expertise to Make