Forecast methods based on judgment,opinion,past experiences,or best guesses are known as ___________ methods.
A)quantitative
B)qualitative
C)time series
D)regression

Question

Quizplus · Accepted Answer

Qualitative methods are based on human judgment, opinion, or past experiences. Quantitative methods involve using mathematical models and statistical analysis, time series methods involve analyzing patterns in historical data to make predictions, and regression methods involve analyzing the relationship between variables to make predictions.

Forecast Methods Based on Judgment,opinion,past Experiences,or Best Guesses Are Known