Question: Q 3 - A - Qualitative forecasting methods are subjective. It is based on information that can't be measured. B - It is appropriate when
Q
A
Qualitative forecasting methods are subjective. It is based on information that can't be measured.
B
It is appropriate when there is no past data and when subjective factors are important.
C
The methods used in qualitative forecasting are;
Expert opinion approach
Delphi method
Historical lifecycle analogy
Market research approach.
D
Yes, the naive model is a qualitative method.
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