Asked by Keyonnie Morton on Sep 26, 2024

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Which of these best sums up informed judgment forecasts?

A) Very costly
B) As reliable as any other technique
C) Generally unreliable
D) Fast and inexpensive
E) The most accurate

Informed Judgment Forecasts

Predictions about future events, trends, or behaviors made by experts using their knowledge and experience.

Generally Unreliable

Characterizes information or sources that often fail to provide accurate or dependable results or outcomes.

Fast And Inexpensive

Describes a process, solution, or service that requires minimal time and financial investment to accomplish or acquire.

  • Comprehend the idea and classifications of forecasts utilized in the strategy formulation for businesses.
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AW
Allen Wiley1 day ago
Final Answer :
D
Explanation :
Informed judgment forecasts are typically fast and inexpensive because they rely on the expertise and knowledge of individuals to make predictions, rather than on extensive data analysis or computational models.