Question

The two general approaches to forecasting are:

1) Qualitative and quantitative
2) Mathematical and statistical
3) Judgmental and quantitative
4) Judgmental and associative
5) Historical and associative

Answer 1

The two general approaches to forecasting are qualitative and quantitative.

Step-by-step explanation:

The two general approaches to forecasting are qualitative and quantitative. Qualitative forecasting relies on subjective opinions, expert judgments, and historical data to predict outcomes. Quantitative forecasting uses mathematical and statistical models to analyze historical data and make predictions.