All of the Following Are True About Qualitative Forecasting Methods

question 9

Multiple Choice

All of the following are true about qualitative forecasting methods except

• A)they generally involve the use of expert judgment to develop forecasts
• B)they assume the pattern of the past will continue into the future
• C)they are appropriate when past data on the variable being forecast are not applicable
• D)they are appropriate when past data on the variable being forecast are not available

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Definitions:

Heterosexuals

Individuals who are sexually attracted to people of the opposite sex.

Egalitarian

Pertaining to the belief in or practice of equal rights and opportunities for all people, often within a social, political, or economic context.

Decentralized

Refers to the distribution of decision-making powers and actions across various levels or locations in an organization or system, as opposed to central control.

Power Distribution

The way in which power is allocated and exercised among individuals and groups within a society, organization, or system.