Which of the following types of information would be an appropriate basis for a qualitative forecast?
Which of the following types of information would be an appropriate basis for a qualitative forecast?
Qualitative forecasts are often based on subjective judgment and expert opinions rather than numerical data. Leading indicators, while they can be quantitative, are often used qualitatively to predict future trends based on recognized patterns and expert interpretation. Regression analysis, on the other hand, is a statistical method and primarily used for quantitative forecasts. Order history and shipment history are more related to past actuals and are typically used in quantitative forecasting as well.
Correct answer: A - Leading indicators
Leading indicators and Regression analysis are both used for quantitive forecasts.
Regression analysis is used for quantitate forecast instead
Leading Indicators is the correct answer. Forecasts based on leading indicators are qualitative.
Answer was A
Regression analysis is quantitative forecast. Should be leading indicators