What type of forecasting technique relies on the judgment and opinion of knowledgeable individuals?

The forecasting technique that relies on the judgment and opinion of knowledgeable individuals is called qualitative forecasting. This approach often utilizes methods such as expert opinions, focus groups, and the Delphi method, where a panel of experts provides insights and predictions based on their experience and expertise. Unlike quantitative forecasting, which relies on numerical data and statistical analysis, qualitative forecasting is particularly useful when data is scarce or when predicting future events that are influenced by human behavior.