Question

a forecast based on historical data is called what? a. objective statement b. swot analysis c. qualitative forecasts d. values statement e. quantitative forecast

Explanation:

To determine the answer, we analyze each option:

• Option A: An objective statement is a factual statement, not related to forecasting with historical data.
• Option B: SWOT analysis assesses strengths, weaknesses, opportunities, and threats, not forecasting based on historical data.
• Option C: Qualitative forecasts rely on opinions, judgments, etc., not historical data analysis.
• Option D: A values statement reflects an organization's values, not related to forecasting.
• Option E: Quantitative forecasts use historical data (and numerical methods) to predict future events, which matches the description.

Answer:

E. Quantitative forecast