The difference between qualitative and quantitative forecasting is

Question $4$Select one:

a$.$

With qualitative forecasting the forecasting objective is not quantifiable

b$.$

With qualitative forecasting the method for deriving the forecasts is always based on an algorithm or formula

c$.$

With quantitative forecasting the method for deriving the forecasts is typically based on an algorithm or mathematical formula

d$.$

Quantitative forecasting will be more accurate than qualitative forecasting in most business forecasting situations

e$.$

Both $($c$)$ and $($d$)$ are correct