________ Forecasting Methods Are Primarily Subjective and Rely on Human

question 41

Multiple Choice

________ forecasting methods are primarily subjective and rely on human judgment.

• A)Qualitative
• B)Time-series
• C)Causal
• D)Simulation

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Definitions:

Cognitive Distortion

Irrational, faulty thinking patterns that contribute to emotional distress and mental health disorders.

Dichotomy

A division or contrast between two things that are presented as entirely different or opposite.

All-Or-None Thinking

A cognitive distortion involving viewing situations in only two categories instead of on a continuum, such as completely right or completely wrong.

Arbitrary Inference

Arbitrary inference is a cognitive distortion where an individual makes a conclusion without supporting evidence or even in the face of contrary evidence.