Question

How do we minimize the level of subjectivity in qualitative forecasting approach?

Answer 1

★ Answer ★

1. Establish a clear set of criteria for evaluating data: Establish clear criteria and standards for evaluating data in order to minimize the level of subjectivity.

2. Utilize multiple sources of data: Utilize multiple sources of data such as surveys, interviews, and focus groups, to draw more objective conclusions.

3. Use quantitative analysis: Utilize quantitative analysis to supplement and support qualitative data.

4. Encourage collaboration: Encourage collaboration between team members to ensure all perspectives are taken into consideration.

5. Document the process: Document the forecasting process to ensure accuracy and consistency.

6. Train and educate: Train and educate team members on the importance of eliminating subjectivity in qualitative forecasting.

Regards,

CreativeAB