sharmadaman5494 sharmadaman5494
  • 14-01-2018
  • Business
contestada

What is a qualitative forecasting model, and when is its use appropriate?

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jamuuj jamuuj
  • 21-01-2018
Qualitative forecasting model is a subjective technique based on opinions, judgement, emotions and personal experiences of  consumers, used to forecast future data as a  past function. This method does not rely on any mathematical computations or calculations. It is mainly used when a situation is vague or little data exists about a new product or technology.
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