Which of the Following Is a Criticism Made of Qualitative

question 20

Multiple Choice

Which of the following is a criticism made of qualitative forecasts?

• A) They become the only possible forecast when past data are either not available or are misleading.
• B) They provide no guidance on the likely effects of changes in explanatory variables.
• C) They are prone to biases such as optimism and overconfidence.
• D) They are difficult to document.

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Definitions:

Job Satisfaction

Refers to the extent to which an individual feels fulfilled and content with their job, including aspects of work such as the nature of the work, compensation, work environment, and colleagues.

Satisfaction with Tasks

relates to the degree of contentment or fulfillment individuals feel regarding their assigned tasks or job responsibilities.

Work Setting

The physical and social environment in which an individual performs their job tasks, including aspects like workspace, culture, and policies.

Quality of Work Life

Quality of Work Life refers to the degree to which individuals are healthy, satisfied, and engaged in their jobs.