Forecasting

Sometimes a future problem needs to be analyzed from a very quantitative point of view, such as measuring or using numbers to get your answer.

Quantitative forecasting begins with examining the past, and gathering data about the history of the variable.

Can you describe a global scenario where quantitative data from the past would be the most significant source of data in predicting a similar scenario in the future?

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This article is from the free online course:

Futurism and Business: Dealing with Complexity

University of Stellenbosch Business School Executive Development