Forecasting (Business)

The video tutorial explains business forecasting, a method of making informed predictions about future events using current or historical data. It covers both quantitative and qualitative approaches, highlighting the use of performance metrics and sentiment analysis. Forecasting is applicable in various fields, including risk, strategic, and financial management.

What types of metrics might be used in quantitative analysis for forecasting?

How can historical data be utilized in making future predictions?

How do qualitative approaches differ from quantitative approaches in forecasting?

In what fields is forecasting commonly employed?

What is the primary purpose of business forecasting?