Quantitative forecasting

Quantitative forecasting,

Definition of Quantitative forecasting:

  1. A statistical technique for making projections about the future which uses numerical facts and prior experience to predict upcoming events. The two main types of quantitative forecasting used by business analysts are the explanatory method that attempts to correlate two or more variables and the time series method that uses past trends to make forecasts.

Meaning of Quantitative forecasting & Quantitative forecasting Definition