What Type of Forecasting Technique Relies on the Judgment and Opinion

question 91

Multiple Choice

What type of forecasting technique relies on the judgment and opinion of knowledgeable individuals?

• A) qualitative
• B) short term
• C) confirmatory
• D) predictive
• E) quantitative

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Definitions:

Interrelated Processes

Connected or related operations or sequences that influence one another and contribute to a larger system or result.

Example

A representative instance or case that is typical of a group or set of a larger concept, used to illustrate or explain a principle or process.

Modeling

The process of learning behavior by observing and imitating others.

Reward Consequences

The outcomes or benefits that follow from actions, often used as a method to reinforce positive behavior.