Question

A ____ approach to demand forecasting is typically used when an organization operates in a stable environment, where an appropriate business factor can be predicted with some degree of certainty?

1) Quantitative
2) Qualitative
3) Statistical
4) Analytical

Answer 1

The answer is 2) Qualitative.

Step-by-step explanation:

The answer to the question is 2) Qualitative.

In demand forecasting, a qualitative approach is typically used when an organization operates in a stable environment where an appropriate business factor can be predicted with some degree of certainty.

This approach involves gathering subjective opinions, expert judgments, and historical data to make forecastrs