MANAGEMENT

Detailed explanation-1: -Qualitative sales forecasting is an estimation method that uses expert judgment to provide insights into future outcomes. These methods have less to do with hard numbers and more to do with experience, expertise, and instinct.

Detailed explanation-2: -Related Definitions Qualitative terms means written summaries used to describe meaning, enrich, or explain significant quantitative indicators or benchmarks within the areas defined in Subsection (1)(b).

Detailed explanation-3: -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-4: -Qualitative research involves collecting and analyzing non-numerical data (e.g., text, video, or audio) to understand concepts, opinions, or experiences. It can be used to gather in-depth insights into a problem or generate new ideas for research.