Quantitative techniques for forecasting are based on subjective factors,estimates,and opinions.

Question

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Quantitative techniques for forecasting involve the use of statistical and mathematical models to analyze historical data and project future trends. These methods do not rely on subjective factors such as opinions and estimates. Qualitative techniques, on the other hand, rely heavily on subjective factors, such as expert opinions and market surveys.

Quantitative Techniques for Forecasting Are Based on Subjective Factors,estimates,and Opinions