Using mathematical and statistical analyses of historical data and surveys to predict future events is called __________.
A)Quantitative forecasting.
B)Guesswork.
C)Qualitative forecasting.
D)Contingency planning.
E)Expert planning.

Question

Quizplus · Accepted Answer

Quantitative forecasting involves using mathematical and statistical methods to analyze historical data and predict future events. Guesswork and qualitative forecasting are not based on data analysis, while contingency and expert planning focus on developing alternate plans rather than predicting future events.

Using Mathematical and Statistical Analyses of Historical Data and Surveys