A quantitative forecast:
A) can utilize any variables which increase flexibility.
B) is very helpful in a dynamic business environment.
C) is highly subject to judgment errors.
D) relies primarily on past data.

Question

Quizplus · Accepted Answer

A quantitative forecast relies primarily on past data to make predictions about future trends. While some judgment may be involved in selecting and analyzing the data, the emphasis is on objective, numerical analysis rather than subjective interpretation. This method may not be as flexible as others but can be effective for making forecasts in stable environments or with consistent patterns of data.

A Quantitative Forecast