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:

Defensive Self-esteem

A form of self-esteem that is fragile and vulnerable, often resulting in defensive reactions to criticism or perceived threats.

Possible Selves

Concepts individuals hold about who they might become, who they hope to become, or who they fear becoming in the future.

Self-efficacy

Someone's conviction in their competence to perform tasks needed for certain achievements.

Reciprocal Determinism

A concept in psychology that posits an individual's behavior is both influenced by and influences their personal factors and the environment.