Under Which of the Following Conditions Is Qualitative Forecasting Considered

question 37

Multiple Choice

Under which of the following conditions is qualitative forecasting considered attractive?

• A) When past data are either misleading or obsolete.
• B) When the forecasts have to be documented.
• C) When the forecasts have to be independent of the forecaster's judgment.
• D) When the forecasts can be based on reliable data.

Appreciate the significance of signaling and screening in reducing information asymmetry.

Understand the principles behind the design of insurance policies to minimize adverse outcomes.

Grasp the economic rationale behind risk aversion and its implications for insurance markets.

Recognize the importance of business reputation in mitigating adverse selection.

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Definitions:

Techniques Of Neutralization

Are the rationalizations that deviants and criminals use to justify their activities. Techniques of neutralization make deviance and crime seem normal, at least to the deviants and criminals themselves.

White-Collar Crime

Non-violent crime committed by individuals, typically professionals or businesspeople, during the course of their occupation, often involving financial malfeasance or fraud.

Primary Group

A small social group characterized by close, personal relationships, enduring for a long period.

Secondary Group

A social group characterized by impersonal and formal interactions, geared towards the accomplishment of specific tasks or objectives, rather than personal relationships.