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quantitative forecasting techniques are
an approach to forecasting where historical demand data is used to project future demand. Extrinsic and intrinsic techniques are typically used.
Qualitative forecasting methods are subjective, based on the opinion and the judgment of consumers and experts; they are only appropriate when past data is not available. Examples of qualitative forecasting methods are, for instance, Informed opinion and judgment, Delphi method and Market research-Agreed C
Answer is C. Quantitative analysis extrapolates historical demand into potential future demand, based on the idea that historical demand is a good indicator of future demand.
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