All of the Following Are True About Qualitative Forecasting Methods

question 9

Multiple Choice

All of the following are true about qualitative forecasting methods except

• A)they generally involve the use of expert judgment to develop forecasts
• B)they assume the pattern of the past will continue into the future
• C)they are appropriate when past data on the variable being forecast are not applicable
• D)they are appropriate when past data on the variable being forecast are not available

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Definitions:

Sensation

The process by which our sensory receptors and nervous system receive and represent stimulus energies from our environment.

Stimulus Attributes

Characteristics or features of a stimulus that can influence an individual's response or perception.

Lower-Order

Pertaining to basic or fundamental processes that do not involve complex cognitive operations.

Sky

The expanse of air over the Earth, visible from the ground, characterized by blue color during the day and darkness or stars at night.