Using mathematical and statistical analyses of historical data and surveys to predict future events is called ___.
A) quantitative forecasting
B) estimation planning
C) qualitative forecasting
D) contingency planning
E) expert planning

Question

Quizplus · Accepted Answer

Quantitative forecasting relies on mathematical and statistical analyses to predict future events. It uses historical data and surveys to identify patterns, trends, and relationships that can be used to estimate future outcomes. This method is often used in business and economics to predict sales, revenues, and market trends.

Using Mathematical and Statistical Analyses of Historical Data and Surveys