CHP 5 Flashcards by Areli Tijerina | Brainscape

Q

What are the 3 Forecasting Techniques

A

Qualitative Forecasting
Quantitative Forecasting
Components of a TIME SERIES

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Q

What is Qualitative Forecasting?

A

based on opinion and intuition

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Q

What is Quantitative Forecasting

A

using mathematical models & historical data

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