Qualitative Forecasting Methods Are Most Appropriate When

question 45

Multiple Choice

Qualitative forecasting methods are most appropriate when

• A) there is good historical data available.
• B) there is little historical data available.
• C) experts do not have critical market intelligence.
• D) forecasting demand into the near future.
• E) trying to achieve a high level of detail.

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Definitions:

Novel Stimuli

New or unfamiliar objects or events that evoke a response from an organism.

Habituated

The process by which an organism becomes accustomed to a repeated stimulus over time and gradually stops responding to it.

Visual Acuity

The clarity or sharpness of vision, often measured by the ability to discern letters or numbers at a standardized distance according to a visual acuity chart.

Small-For-Date

A term used to describe babies who are born with a weight lower than the normal range for their gestational age.