Question

Qualitative forecasting vs quantitative forecasting swot analysis

Answer 1

It can be used to determine a company's strengths, weaknesses, opportunities and threats, as well as to predict performance. Hence, qualitative forecasting is used when the situation is vague & little data exist i.e. new products; new technology. ... Forecasting sales for an altogether new innovation.

Answer 2

It can be used to determine a company's strengths, weaknesses, opportunities and threats, as well as to predict performance. Hence, qualitative forecasting is used when the situation is vague & little data exist i.e. new products; new technology. ... Forecasting sales for an altogether new innovation