Context of the Forecast 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 TED Talks video, should the executives have considered qualitative methods, quantitative method or both in the decision. Please be specific. What did you learn in this video that can apply to your professional life?
Context of the Forecast 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 TED Talks video, should the executives have considered qualitative methods, quantitative method or both in the decision. Please be specific. What did you learn in this video that can apply to your professional life?
Context of the Forecast There are many ways to approach business forecasting. For example, there are both qualitative and quantitative methods. Some forecasts are forecasts 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 TED Talks video, should the executives have considered qualitative methods, quantitative method or both in the decision. Please be specific. What did you learn in this video that can apply to your professional life? Use APA referencing style.