Question: Although both are forms of forecasting, the difference between qualitative and quantitative forecasting is Select answer from the options below whether analysis is based on

Although both are forms of forecasting, the difference between qualitative and quantitative forecasting is
Select answer from the options below
whether analysis is based on past data or opinion.
qualitative forecasting is more accurate.
only qualitative forecasting uses human judgment.
quantitative forecasting is more accurate.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

1 For this task, imagine that you were asked to present to a class of master's level students who are enrolled in their first quantitative research methods course. Create a PowerPoint presentation...

Q:

The Qualitative Report Volume 10 Number 4 December 2005 758-770 http://www.nova.edu/ssss/QR/QR10-4/krauss.pdf Research Paradigms and Meaning Making: A Primer Steven Eric Krauss Universiti Putra,...

Q:

Working on a final paper evaluating General Motors Co, corporate performance. Attached is the outline of the assignment along with GM financial annual statement. Evaluation of Corporate Performance...

Q:

answer the all question please equired Homework Questions The concept of earnings power is the long-term (3 to 5 year) expectation of the company's earnings after any near-term anomalous behavior has...

Q:

answer the all question please equired Homework Questions The concept of earnings power is the long-term (3 to 5 year) expectation of the company's earnings after any near-term anomalous behavior has...

Q:

HRTM 1201 Ms. Cherise Davis February 6, 2016 Questions for Review and Discussion: Chapter 5 1. What is the difference between strategic and tactical marketing plans? Strategic marketing plans: These...

Q:

ESTIMATING A COST FUNCTION USING Insert Home Page Layout B Formulas Week 1 6 UNESCO WNH . Indirect Cost Driver: Manufacturing Machine-Hours Labor Costs (X) (Y) 68 $ 1,190 88 1,211 62 1,004 72 917 60...

Q:

MANEGERIAL ECON. 1. Demand and the Law of Demand Demand refers to the ability and willingness of consumer, having the desire to buy the product at a given price and period of time. It should be noted...

Q:

Demand Forecasting For an organization to provide customer delight it is important that organization can understand what customer wants and how much does they want. If an organization can gauge...

Q:

Demand Forecasting For an organization to provide customer delight it is important that organization can understand what customer wants and how much does they want. If an organization can gauge...

Q:

Determine the magnitude of force P needed to start towing the crate of mass M. Also determine the location of the resultant normal force acting on the crate, measured from point A. Given: M = 40 kg c...

Q:

ABC, Inc. has just announced today (May 20, Mon) that it would pay $2/share dividends to each shareholder of record on June 5 (Wed). Its current share price is $45 and its shareholders' average tax...

Q:

Tankathon Inc., a non - public, privately held company, pays its CEO $ 1 , 9 0 0 , 0 0 0 and CFO $ 1 , 4 0 0 , 0 0 0 in salary and bonus in 2 0 2 4 . Assuming that this compensation represents...

Q:

Free cash flow valuation You are evaluating the potential purchase of a small business with no debt or preferred stock that is currently generating $ 4 2 , 7 0 0 of free cash flow ( F C F 0 = $ 4 2 ,...