ENTREPRENEURSHIP

Detailed explanation-1: -Quantitative sales forecasting is a type of sales forecasting that is strictly objective and focuses on hard numerical sales data collected over the past months, and even years.

Detailed explanation-2: -In general, qualitative forecasting is based on subjective opinions and insights, whereas quantitative forecasting is more focused on using historical demand data in statistical calculations to predict the future.

Detailed explanation-3: -One way to predict future sales figures is a method called quantitative sales forecasting. It’s a data-based mathematical process, based on historical sales data, that allows businesses to predict future revenue, and therefore make informed decisions and plan future sales strategies.

Detailed explanation-4: -What is quantitative forecasting? Quantitative forecasting is an objective, data-based process that businesses and salespeople can use to make accurate predictions to guide future business decisions.

Detailed explanation-5: -Quantitative forecasts This forecasting method depends on numerical and statistical methods, such as regression and time series analysis. Quantitative forecasting uses objective data and current trends to forecast future behavior.