Qualitative Forecasting Methods Are Used When

question 2

Multiple Choice

Qualitative forecasting methods are used when:

• A) historical data on the variable being forecast are available.
• B) information on past values of the variable being measured is quantifiable.
• C) historical data on the variable being forecast are either unavailable or are not applicable.
• D) it is reasonable to assume that past is prologue.

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Definitions:

Self-Regulation

The use of learning principles to regulate one’s own behaviour.

Self-Observation Data

Information gathered through personal monitoring of one's actions, behaviors, and responses in various situations.

Observation

The act of closely monitoring or scrutinizing behaviors, events, or phenomena to gather data and draw conclusions.

Goal Setting

The process of identifying something that one aims to achieve, often through specific, measurable, attainable, relevant, and time-bound objectives.