A manager who applies a set of mathematical rules to a series of past data to predict outcomes is engaging in 'qualitative forecasting'.

Question

Quizplus · Accepted Answer

The manager is engaging in quantitative forecasting, not qualitative forecasting. Quantitative forecasting involves the use of mathematical and statistical models to make predictions based on historical data. Qualitative forecasting, on the other hand, involves using expert judgments and other qualitative factors such as market trends and consumer preferences to make predictions.

A Manager Who Applies a Set of Mathematical Rules to a Series