A magazine publishes forecasts of industry conditions, interest rates, unemployment trends, and national economies every quarter. It uses expert opinion to predict the future. This method of forecasting the future falls under the category of _____ forecasting.
A) specific
B) attainable
C) timely
D) measurable
E) qualitative

Question

Quizplus · Accepted Answer

The method of forecasting the future that relies on expert opinion to predict industry conditions, interest rates, unemployment trends, and national economies falls under the category of qualitative forecasting. This is because it is based on subjective opinions and judgments rather than numerical data and statistical analysis.

A Magazine Publishes Forecasts of Industry Conditions, Interest Rates, Unemployment