Discussion 2 - There  are many ways to approach business forecasting

Question # 00850317 Posted By: wildcraft Updated on: 02/03/2024 03:28 AM Due on: 02/03/2024
Subject Business Topic General Business Tutorials:
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Discussion 2 - QMB

 Please watch the video below and answer the following questions:


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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Tutorials for this Question
  1. Tutorial # 00845789 Posted By: wildcraft Posted on: 02/03/2024 03:29 AM
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