Examlex
Which of the following concepts refers to changes brought on by the Information Revolution?
Qualitative Forecasting Methods
Forecasting techniques that are based on judgment and opinion, rather than on strictly numeric or statistical data.
Subjective
Based on or influenced by personal feelings, tastes, or opinions, rather than external facts or evidence.
Human Judgment
The cognitive process of making decisions or drawing conclusions based on personal knowledge, experience, senses, and emotions.
Additive Form
A mathematical or statistical model where the components or factors are combined through addition to predict or estimate outcomes.
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