Qualitative Forecasting Uses _____ to Predict Future Events

question 57

Multiple Choice

Qualitative forecasting uses _____ to predict future events.

• A) budgets
• B) expert opinions
• C) mathematical models
• D) statistical analyses
• E) surveys

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Definitions:

Acronym

a word formed from the initial letters of other words and pronounced as a word, such as "NASA" for National Aeronautics and Space Administration.

Mnemonic

A technique or strategy used to improve memory, often by making information easier to remember.

Roy G.Biv

An acronym for the sequence of hues in a rainbow or the visible spectrum: Red, Orange, Yellow, Green, Blue, Indigo, Violet.

Chunking

Chunking is a cognitive strategy that involves breaking down information into smaller, manageable units or chunks, facilitating easier processing and recall of information.