How Do Statistical Forecasting Methods Differ from Judgmental Forecasting Methods

Multiple Choice

How do statistical forecasting methods differ from judgmental forecasting methods with regard to the labor market?

A) Judgmental methods are not useful in situations that have no historical precedent.
B) Statistical methods are the best option for events that have no historical precedent.
C) Forecasting using judgmental methods is always more precise than forecasting using statistical methods.
D) Statistical methods are excellent for capturing historic trends.
E) Judgmental methods are better than statistical methods for events that have historical precedent.