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This qualitative forecasting approaches are appropriate:
Whenthe market is mature
When
the market is mature
Forproducts with little or no historical data
For
products with little or no historical data
Forproducts with ample historical data
products with ample historical data
Whenexperts have limited insight into the market that may affect the forecast
experts have limited insight into the market that may affect the forecast
Whenthe market is monopolistic
the market is monopolistic
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