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2 5 . All of the following are true about qualitative forecasting methods except They are appropriate when past data on the variable being forecast

25. All of the following are true about qualitative forecasting methods except
They are appropriate when past data on the variable being forecast are not applicable.
They generally involve the use of expert judgment to develop forecasts.
They are appropriate when past data on the variable being forecast are not available.
They assume the pattern of the past will continue into the future.

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