MANAGEMENT

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. This data is used to calculate future sales, revenue, and expenses.

Detailed explanation-2: -Quantitative data is data that can be counted or measured in numerical values. The two main types of quantitative data are discrete data and continuous data. Height in feet, age in years, and weight in pounds are examples of quantitative data. Qualitative data is descriptive data that is not expressed numerically.

Detailed explanation-3: -Examples of quantitative data include numerical values such as measurements, cost, and weight; examples of qualitative data include descriptions (or labels) of certain attributes, such as “brown eyes” or “vanilla flavored ice cream”.

Detailed explanation-4: -Quantitative data is numbers-based, countable, or measurable. Qualitative data is interpretation-based, descriptive, and relating to language. Quantitative data tells us how many, how much, or how often in calculations. Qualitative data can help us to understand why, how, or what happened behind certain behaviors.