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kiruha [24]
3 years ago
13

What is a qualitative forecasting model, and when is its use appropriate?

Business
1 answer:
BigorU [14]3 years ago
4 0
Qualitative forecasting model is a subjective technique based on opinions, judgement, emotions and personal experiences of  consumers, used to forecast future data as a  past function. This method does not rely on any mathematical computations or calculations. It is mainly used when a situation is vague or little data exists about a new product or technology.
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