Asked by Zachary Summach on Jul 07, 2024
Verified
Qualitative forecasting uses expert opinions to predict the future.
Qualitative Forecasting
The method of forecasting outcomes based on non-numerical information such as expert opinion, rather than quantitative data.
Expert Opinions
Judgments or advice given by individuals with extensive knowledge or expertise in a particular area.
- Recognize the use of qualitative methods in forecasting and planning.
Verified Answer
LR
Leandra RubillosJul 14, 2024
Final Answer :
True
Explanation :
Qualitative forecasting relies on the expertise and opinions of individuals or groups to make predictions about future events or trends.
Learning Objectives
- Recognize the use of qualitative methods in forecasting and planning.
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