What are the various qualitative forecasting methods as discussed in Chapter-3, describe them in detail? Can...

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General Management

What are the various qualitative forecasting methods asdiscussed in Chapter-3, describe them in detail? Can you identifysome other qualitative forecasting methods in addition to what ismentioned in the textbook?

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Answer Using qualitative methodology an organization figures dependent on judgment and opinion Gathered under this methodology are Official opinions Delphi strategy Deals power polling Customer reviews The qualitative or critical approach can be helpful in formulating momentary conjectures and can likewise enhance the projections dependent on the utilization of any of the quantitative methods Four of the betterknown qualitative forecasting methods are official opinions the Delphi strategy deals power polling and buyer studies 1 Official Opinions The abstract perspectives on officials or specialists from deals creation finance purchasing and administration are arrived at the midpoint of to produce a gauge about future deals Typically this technique is utilized related to some quantitative strategy for example pattern See Answer

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