What does qualitative forecasting rely upon to develop predictions?

a$.$ mathematics

b$.$ useful relationships between a future outcome and known factors

c$.$ intuition

d$.$ historical behavior and extrapolation

$2.$ Which of the following is NOT a qualitative method of forecasting?

a$.$ survey

b$.$ time series analysis

c$.$ expert opinion panel

d$.$ Delphi group

$3.$ Several forecasting methods rely on insights from a group of people, but which method does NOT have the

group discuss their opinions?

a$.$ crowdsourcing

b$.$ Delphi groups

c$.$ expert opinion panels

d$.$ jury of executive opinion

$4.$ Melanie is conducting a study to determine if student grade point average $($GPA$)$ is impacted by involvement

in a school sport. In Melanie$$s study, GPA is the dependent variable.

True or False?

$5.$ Causal models are used to predict a value based on $\_\_\_\_\_\_.$

a$.$ identifying important links between the outcome and other factors in its environment

b$.$ capturing human intuition

c$.$ a small group of highly knowledgeable people who develop predictions through discussion and consensus

d$.$ the assumption that a future outcome is based on that outcome$$s historical behavior

$6.$ Averaging forecast errors over time results in the performance measure known as $\_\_\_\_\_.$

a$.$ mean absolute deviation

b$.$ mean error

c$.$ mean absolute percent error

d$.$ naive forecasting