Which are the two basic types of forecasting?
A)Quantitative and qualitative
B)Subjective and correlated
C)Causal and reflective
D)Time series and naïve
E)Averaging and regression

Question

Quizplus · Accepted Answer

The two basic types of forecasting are quantitative and qualitative. Quantitative forecasting uses mathematical models and historical data to make predictions, while qualitative forecasting relies on expert opinions, surveys, and other subjective data.

Which Are the Two Basic Types of Forecasting