Question

Explain the term quantitative forecasting techniques

Answer 1

Quantitative method of forecastinguses numerical facts and historical data to predict upcoming events. The two main types of quantitative forecasting used by business analysts are the explanatory method that attempts to correlate two or more variables and the time series method that uses past trends to make forecasts.

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Answer 2

Answer:

There are two techniques used in accounting forecasting: qualitative and quantitative. Qualitative forecasting is based on information that can't be measured. ... Quantitative forecasting relies on historical data that can be measured and manipulated.