which one of the following is not a type of qualitative forecasting? which one of the following is not a type of qualitative forecasting? historical analogy customer survey naïve method jury of executive opinion

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13-10-2022
Business

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which one of the following is not a type of qualitative forecasting? which one of the following is not a type of qualitative forecasting? historical analogy customer survey naïve method jury of executive opinion

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smecloudbird17 smecloudbird17 · Answer 1 · 2022-10-27T13:59:11+02:00

From the following, the one which is not a type of qualitative forecasting is the naive method.

Qualitative forecasting is used in the business in order to forecast a certain possible outcome which can be pertaining to finances, also when there is no historical data available. Here, the forecast is dependent on those who have an expertise or knowledge of the possible outcomes.

Naive method is not a type of qualitative forecasting as this technique is the one in which the last period's sales are thus used in for the next period's forecast without any predictions or adjusting the given factors.

Hence, option C is correct.

To learn more about qualitative forecasting here:

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