Discussion 2 - There are many ways to approach business
Question # 00850203
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Updated on: 02/01/2024 08:55 PM Due on: 02/02/2024

Discussion 2 - QMB
Please watch the video below and answer the following questions:
https://www.youtube.com/watch?v=vQILP19qABk
There are many ways to approach business forecasting. For example, there are both qualitative and quantitative methods. Some forecasts are based on highly sophisticated statistical methods; some are based on experience and examine past precedent, while others just follow a gut feeling.
The selection of a method depends on many factors such as the context of the forecast, the relevance and availability of historical data, the degree of desirable accuracy, and others.
- After watching the TEDTalks video, should the executives have considered qualitative methods, quantitative method or both in the decisions. Please be specific.
- What did you learn in this video that can apply to your professional life?

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Solution: Discussion 2 - There are many ways to approach business