Qualitative Forecasting Uses _____ to Predict Future Events

question 57

Multiple Choice

Qualitative forecasting uses _____ to predict future events.

• A) budgets
• B) expert opinions
• C) mathematical models
• D) statistical analyses
• E) surveys

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Definitions:

Draft

A preliminary version of a piece of writing or document that is open for discussion, modification, or approval.

Instrument Value

The actual worth or significance of a financial document, like a stock or bond, in transactions.

Maker

The party in a financial transaction who creates or signs a promissory note, thereby agreeing to pay the note's value to a specified party.

Drawer

The person who writes or signs a bill of exchange, such as a check, thus creating a financial obligation.