quantitative forecasting

Quantitative forecasting uses numerical data and mathematical models to predict future events or trends. It involves analyzing historical data, identifying patterns or relationships, and applying statistical techniques to estimate what might happen next. This method provides objective, data-driven insights, making it useful for planning in business, finance, and other fields. For example, a company might use past sales data to forecast future sales, helping them make informed decisions about inventory or investments. Quantitative forecasting relies on measurable data, providing a systematic way to anticipate future outcomes based on past performance.