Final Paper Assignment The primary goal of your final assignment is to critically analyze the specific topic you have chosen regarding American national government. You have been preparing for this….
There are 2 general approaches to forecasting: Qualitative Forecasting and Quantitative Forecasting.
There are 2 general approaches to forecasting: Qualitative Forecasting and Quantitative Forecasting. Thoroughly define each. Give an example in detail of how an organization (name an organization of your choosing) would measure the performance of a department or product, based on quantitative forecasting: then qualitative forecasting for the same organization or product.
For example: I as a manager, wanted to forecast the sale of a product, for production, for the upcoming weeks. One method, I would skillfully turn to management, workers, and customers to predict what is needed for the future. The other method, I would look at the sales for the same product for the previous months, and make a recommendation/ decision on the future need for that product.