Under Which of the Following Conditions Is Qualitative Forecasting Considered

question 76

Multiple Choice

Under which of the following conditions is qualitative forecasting considered attractive?

• A) When the forecasts have to be documented.
• B) When the forecasts have to be independent of the forecaster's judgment.
• C) When past data are either unavailable or are misleading.
• D) When the forecasts can be based on reliable data.

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Definitions:

Blue Price

This term does not have a widely recognized definition and could refer to specific market jargon or a particular pricing strategy.

Ambrosia

In Greek mythology, ambrosia is considered the food or drink of the gods, often depicted as conferring longevity or immortality upon whoever consumed it.

Fixed Coefficients

A term used in production and economics to describe technologies where inputs are used in strict fixed proportions to produce an output.

Production Possibility Set

A graph or curve depicting all maximum output possibilities for two or more goods, given a set of inputs.