Multiple Choice
Which of the following is a criticism made of qualitative forecasts?
A) They become the only possible forecast when past data are either not available or are misleading.
B) They provide no guidance on the likely effects of changes in explanatory variables.
C) They are prone to biases such as optimism and overconfidence.
D) They are difficult to document.
Correct Answer:
Verified
Correct Answer:
Verified
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