1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iren2701 [21]
3 years ago
6

The qualitative forecasting method is based on opinion & intuition. True or False

Social Studies
1 answer:
lora16 [44]3 years ago
5 0

Answer: TRUE

Explanation: Qualitative forecasting method are mostly based on survey polls, opinions of expert, etc.

While Quantitative deals with measurable numerical qualities, the qualitative deals with observation and opinions.

Qualitative forecasting method is a forecasting method that favours the intuitions and opinions of experts over numeric historic data. While the numeric data analysis will show that increase in production will lead to increase in sales for the coming year in a tobacco company , the experienced sales managers will let the company know that due to the recent law enforced by the government, there will be low sales in the following year. This will allow the company to either reduce their production rate or stay on the same production rate but not increase production.

You might be interested in
Mr. Brown has gathered evidence that the self-esteem of students is negatively correlated with their typical levels of anxiety.
miss Akunina [59]

Answer:

Correlation does not prove causation  

Explanation:

Correlation and causation are the two terms that are mostly confused and used interchangeably used. These terms are often misunderstood by people. It is very important to know that these terms are used for the conclusion. So that person has to make understand what is the correct meaning of these two terms. Correlation does not imply causation. It is very important to understand this term. Correlation is basically about the two variables. It tells how the two variable is linearly related to each other and change together. It does not tell about how it is related but it tells about the relationship between the variables. Causation is a little bit more than a correlation. It tells about change in one variable that will cause a change in another variable.

8 0
3 years ago
What was the main goal of the first crusade
Elan Coil [88]
To survive or thrive
3 0
3 years ago
Read 2 more answers
Why has Mongolia's economic growth been weaker than the economic growth of Taiwan and china?
inn [45]
Mongolia is landlocked. This means they are surrounded on all sides by another country. This makes it very difficult to get things out of the country to trade. It is more expensive to trade

OR
 
<span>Because they are landlocked and it's more expensive to ship goods. The exports are important. The countries are low and the ability to get stuff is low.</span>
7 0
3 years ago
Read 2 more answers
In Australia, which activity is a duty required of all citizens?
Mariulka [41]
Does they have answer choices
7 0
3 years ago
Read 2 more answers
Whose role would it be to tell the creatives that their idea of using a world championship rodeo bull rider to promote handheld
san4es73 [151]

Answer:

Judge

Explanation:

The Judge is the one who has the authority to tell the creatives that their idea of using a world championship rodeo bull rider to promote handheld kitchen appliances is not a good idea and will probably open up the agency and its client to a great deal of ridicule because the judge is appointed to decide the process, form an opinion and the outcome of the creatives case.

4 0
3 years ago
Other questions:
  • Public relations objectives ________.
    13·1 answer
  • Which of the following is true about support plants?
    5·1 answer
  • Why is plagiarism a violation of ethics?
    6·1 answer
  • Remembering how to roller skate involves which of the following kinds of memory?
    12·1 answer
  • Callie, age 11 months, went to the circus with her mother. When a clown came bouncing up to Callie's stroller, Callie was anxiou
    6·1 answer
  • The first American constitution was the
    11·1 answer
  • Which of the following is an example of a religious group, rather than an ethnic group, in the Middle East?
    13·2 answers
  • Who was the first one to come to USA​
    8·2 answers
  • Which of the following is not an example of plagiarism?
    14·1 answer
  • ___________ personality disorder involves social inhibition, hypersensitivity to being evaluated negatively, and feelings of ina
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!