Quantitative forecasting methods are based on opinions and intuition,whereas qualitative forecasting methods use mathematical models and relevant historical data to generate forecasts.

Question

Quizplus · Accepted Answer

The statement is actually the opposite. Quantitative forecasting methods rely on mathematical models and historical data, while qualitative forecasting methods involve opinions and intuition.

Quantitative Forecasting Methods Are Based on Opinions and Intuition,whereas Qualitative