Qualitative Forecasting Methods

question 102

Multiple Choice

Qualitative forecasting methods

• A) are made objectively by the forecaster
• B) are made subjectively by the forecaster
• C) are made using existing data sources
• D) are based on mathematical models
• E) are only used in parallel with quantitative models

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Definitions:

Lightning Strike

A natural electrical discharge of very short duration and high voltage between a cloud and the ground or within a cloud.

Forest Fire

An uncontrolled fire that occurs in the wilderness, often in wooded areas, which can have both natural and human causes.

Tolerance

The capacity of an organism to endure exposure to a particular substance or environmental condition without adverse effects.

Hemlock

A type of plant belonging to the family Apiaceae, some species of which are toxic, and others, such as the trees in the genus Tsuga, are valuable timber resources.