Question: What is the main difference between qualitative and quantitative forecasting? Qualitative relies on expert opinions and market research, while quantitative uses historical data and mathematical
What is the main difference between qualitative and quantitative forecasting?
Qualitative relies on expert opinions and market research, while quantitative uses historical data and mathematical models.
Both methods use historical data but differ in accuracy.
Qualitative relies on mathematical models, while quantitative relies on expert opinions.
Quantitative is always more accurate than qualitative.
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