Financial Forecasting Methods Financial forecasting is a process of predicting how an organisation will perform in the future and is an integral part of deciding in advance the funding requirements of the organisation Use the spaces below to explain, with examples, what is meant by a qualitative approach to financial forecasting and a quantitative approach to financial forecasting' Qualitative Approach Quantitative Approach Financial Forecasting What are the advantages and disadvantages of each approach when used for financial forecasting? Qualitative Approach ADVANTAGES DISADVANTAGES Quantitative Approach