Question: There are 2 general approaches to forecasting: Qualitative Forecasting and Quantitative Forecasting. Thoroughly define each . Give an example in detail of how an organization

There are 2 general approaches to forecasting: Qualitative Forecasting and Quantitative Forecasting. Thoroughly define each. Give an example in detail of how an organization (name an organization of your choosing) would measure the performance of a department or product, based on quantitative forecasting: then qualitative forecasting for the same organization or product.

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