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Qualitative Forecasting Methods: Delphi Method 10 Jun 2006 | 08:09 pm
The Delphi Method Originally developed by the RAND Corporation in 1969 for technological forecasting, the Delphi Method is a group decision process about the likelihood that certain events will occur....
Quantitative Forecasting Techniques vs Qualitative Forecasting Techniques 10 Jun 2006 | 07:49 pm
QUANTITATIVE TECHNIQUES :- Quantitative forecasting techniques are generally more objective than their qualitative counterparts. Quantitative forecasts can be time-series forecasts (i.e., a projectio...
When to use Qualitative Forecasting 10 Jun 2006 | 07:17 pm
As we already know qualitative information is descriptive in nature, relating to, or involving quality or kind. It has no numerical values which we can use in certain mathematical formulae. We use Qu...
What is Forecasting in Engineering? 10 Jun 2006 | 06:39 pm
Forecasting is a systematic effort to anticipate future events or conditions. The most well known type of forecast may be that of the meteorologist who prepares daily weather forecasts that help us de...
