Question

Discuss and compare all the forecasting methods. In data analysis

Answer 1

Qualitative forecasting techniques are subjective, based on the opinion and judgment of consumers and experts; they are appropriate when past data are not available. They are usually applied to intermediate- or long-range decisions. Examples of qualitative forecasting methods are[citation needed]informed opinion and judgment, the Delphi method, market research, and historical life-cycle analogy.