In: Statistics and Probability
Which of the following statements is correct with regards to the concept of Qualitative Models? They are:
A. Based on the judgement, experience, and acumen of an analyst
B. A subset of the quantitative models
C. Superior to quantitative models
D. All of these
E. None of these
The true statement about qualitative models is:
They are Based on the judgement, experience, and acumen of an analyst.
Option A is correct.