Quantitative vs. qualitative forecasting
This flow chart compares quantitative and qualitative forecasting methods. Qualitative forecasting relies more on opinions than data and can employ market research, sales-force input, or a jury of executives. In contrast, quantitative forecasting relies more on objective, numerical data, and can look at chronological trends and statistical regression to infer cause-and-effect.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"Summary_of_Forecasting_Methods.jpg."
https://commons.wikimedia.org/wiki/File:Summary_of_Forecasting_Methods.jpg
Wikimedia
CC BY-SA 4.0.
