Which of the following is not a criticism made of qualitative forecasts?
A) They become the only possible ones when past data are either not available or are misleading.
B) They are prone to biases such as optimism and overconfidence.
C) They do not present any explanation of the mechanism generating the values of a variable of interest,and simply provide a method for projecting historical data.
D) They provide no guidance on the likely effects of changes in explanatory variables.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is not a criticism made of qualitative forecasts?
A) They become the only possible ones when past data are either not available or are misleading.
B) They are prone to biases such as optimism and overconfidence.
C) They do not present any explanation of the mechanism generating the values of a variable of interest,and simply provide a method for projecting historical data.
D) They provide no guidance on the likely effects of changes in explanatory variables.

Which of the Following Is Not a Criticism Made of Qualitative