Qualitative Forecasting

A method of forecasting future sales based on opinion (such as industry experts or sales representatives) rather than data.

Qualitative forecasting involves getting the opinion of experts or employees and trying to predict future sales, rather than using data to achieve that goal.

Literal Meanings of Qualitative Forecasting

Qualitative:

Meanings of Qualitative:

1. Something of good quality.

2. Descriptions or awards based on quality, not quantity.

3. A form of analysis that indicates the identity of a compound.

Forecasting:

Meanings of Forecasting:

1. Evaluate how something will be in the future.

2. Expect to offer something in advance.

3. Think or plan ahead.

Sentences of Forecasting

1. Expect price increases.