Quantitive risk analysis - Study guides, Class notes & Summaries

BUSN-278 Week 1 Discussion Question 2 – Forecasting Techniques Last document update:   ago

Week 1 DQ 2, Forecasting Techniques Discuss the difference between quantitative & qualitative forecasting. Does one provide a more accurate forecast than the other? The differences between qualitative & quantitative forecasting is that: with Qualitative forecasting, (1) educated guess or experts opinions are made. (2) It can be useful in formulating short-term forecast & can also supplement projection based on the use of any of its four models namely executive opinions, Delphi, Sales - force...