Describe what qualitative forecasting models are. What are the advantages and disadvantages of this modelling? “High...

80.2K

Verified Solution

Question

Basic Math

  1. Describe what qualitative forecasting models are. What are theadvantages and disadvantages of this modelling?
  2. “High correlation between two variables means that one is thecause and the other is the effect”. Explain this statement

Answer & Explanation Solved by verified expert
3.7 Ratings (343 Votes)
Here The intution and judgment of experienced supervisors deals proficient and industry expertsso can improve the nature of a power cast in light of the fact that quatitative information cant catch subtleties that long stretches of experience can distinguish Subjective determining is valuable when there is questionable or lacking information For instance a startup innovation organization building up another product application    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students