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:

Sampling Bias

A statistical error that occurs when a sample is not representative of the population from which it is drawn, resulting in skewed findings.

Validity

Validity refers to the extent to which a test, measurement, or research study accurately reflects what it is intended to measure, ensuring that the results are truthful and reliable.

Mobile-first Approach

A design strategy that prioritizes optimization for mobile devices when creating websites or applications, considering limitations and capabilities of smaller screens.

Organizational Format

The structure or arrangement of content or elements within a document, presentation, or work, guided by principles of logic, clarity, and effectiveness.