How do statistical forecasting methods differ from judgmental forecasting methods with regard to the labor market?

Multiple Choice

Judgmental methods are better than statistical methods for events that have historic precedent.

Statistical methods are excellent for capturing historic trends.

Forecasting using judgmental methods is always more precise than forecasting using statistical methods.

Statistical methods are the best option for events that have no historic precedent.

Judgmental methods are not useful in situations that have no historic precedent.