The Two General Approaches to Forecasting Are

question 79

Multiple Choice

The two general approaches to forecasting are:

• A) qualitative and quantitative.
• B) mathematical and statistical.
• C) judgmental and qualitative.
• D) historical and associative.
• E) judgmental and associative.

---

Definitions:

Exact Descriptions

Involves providing detailed and precise details or accounts of something.

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together; a positive correlation means they increase or decrease together, while a negative correlation means one increases as the other decreases.

Research Designs

Specific strategies or methodologies used by researchers to conduct experiments and observe outcomes in a systematic manner.

Negative Correlation

A connection between two variables where as one variable goes up, the other comes down.