Financial Forecasting

If you’re doing financial forecasting, there’s a whole bunch of methods that you can use. They fall into two categories, quantitative and qualitative. A quantitative approach needs quantifiable data, basically numbers. So there can be statistically manipulated. Qualitative relies upon information that can’t actually be measured, basically opinions.

Once you have completed this session, you will be able to identify why quantitate and qualitative date is so crucial to a business when financial forecasting, you will be geared with suggestions on ways you can carry out research to get the data you require.

Learning objectives:

• Distinguish the difference between quantitate and qualitative research methods
• Identify what types of research you can carry out for both methods
• Adopt how you can use data to put together a financial forecast