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ScanSolve AI Answer
When a firm launches a brand-new product with no previous sales records, there is no historical data available to use for quantitative forecasting methods. a. Qualitative forecasting relies on expert opinions, market research, and subjective judgment. This approach is ideal for new products or situations where historical data is absent. b. Time-series forecasting, c. Regression analysis, and d. Moving averages are all quantitative methods that require historical data to identify patterns, trends, or relationships. Since the product is brand-new with no sales records, these methods cannot be applied. Therefore, qualitative forecasting is the most suitable approach. The correct option is: a. Qualitative forecasting What's next? Send 'em!