What type of forecasting technique relies on the judgment and opinion of knowledgeable individuals?
A)qualitative
B)short-term
C)confirmatory
D)predictive
E)best-case scenario

Question

Quizplus · Accepted Answer

Qualitative forecasting techniques rely on the opinions and judgment of knowledgeable individuals such as industry experts, market researchers, or sales reps. These techniques are often used when historical data is not available or when there are significant changes in the market or industry that could impact future trends. Other forecasting techniques include quantitative, time series, and causal modeling.

What Type of Forecasting Technique Relies on the Judgment and Opinion