Qualitative forecasting methods
A)use higher quality data than statistical methods.
B)are often the result of expert opinion.
C)cannot be replicated by another researcher.
D)both b and c
E)all of the above

Question

Quizplus · Accepted Answer

Qualitative forecasting methods are based on subjective opinions and judgments of experts and cannot be replicated identically by another researcher. These methods do not necessarily use higher quality data than statistical methods, but rely on the expertise and knowledge of individuals in the field. Therefore, the best choice is D, which states that qualitative forecasting methods are often the result of expert opinion and cannot be replicated by another researcher.

Qualitative Forecasting Methods