$1$

$2$ points

What is the main difference between qualitative and quantitative forecasting techniques?

Quantitative techniques are used only for short$-$term forecasting.

Qualitative techniques use mathematical models, whereas quantitative techniques rely on expert opinion.

Qualitative techniques are based on subjective views, whereas quantitative techniques use historical data and algorithms.

Qualitative techniques are more accurate than quantitative techniques.

$2$

$2$ points

Which of the following best describes the Delphi method in the context of forecasting?

A method where experts discuss forecasts in a group setting to reach a consensus.

A process where experts provide input separately to avoid groupthink and reach a consensus.

A technique that relies solely on historical sales data to predict future trends.

A model based on the insights of a single, and typically the most experienced, individual in an organization.