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    Forecasting Models

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    Explain the differences between qualitative and judgmental, statistical time-series, and explanatory / causal forecasting models.

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    https://brainmass.com/business/business-management/forecasting-models-483252

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    The three main types of forecasting models are qualitative and judgmental, statistical time-series, and explanatory or causal forecasting models. Of the three types, qualitative and judgmental models are the only ones that do not use quantitative data. They use other, descriptive modeling techniques such as surveys or expert panels or comparisons to other past experiences. A typical ...

    Solution Summary

    The expert explains the differences between qualitative and judgement, statistical time-series, and explanatory / causal forecasting models.

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