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Which of the following statements about the differences between a time series forecasting method and a qualitative forecasting method are correct (choose all that apply):
Which of the following statements about the differences between a time series forecasting method and a qualitative forecasting method are correct (choose all that apply):
The basic assumption in time-series is that past is indicative of future
Qualitative forecasting method is used when abundant historical data is available
Time series forecasting helps when introducing new products and not enough data is available
Qualitative forecasting use expert opinion, market surveys, focus groups etc.
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