Whereas quantitative refers to numeric and objective qualities that someone can measure, qualitative refers to subjective qualities that rely on opinion, observation or listening abilities.

Managers in a manufacturing environment often must forecast the amount of inventory and supplies needed to meet demands. The use of forecasting assumes that past trends will continue with little ...

As you will see, there are many techniques available for forecasting purposes, which makes it difficult for people to select the most appropriate technique. In fact, there is rarely one best technique ...

Sales forecasting—estimating the future sales of products or services based on historical data, market trends and other relevant factors—is important for any organization. According to Aberdeen, 97% ...

Forbes contributors publish independent expert analyses and insights. Bill Conerly connect the dots between the economy ... and business! This article is more than 8 years old. You’ve got a new ...

Global demand for fossil fuels is expected to peak by the end of this decade as we transition to cleaner sources of energy. One source we already heavily rely on is hydropower, but, as weather becomes ...