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advantages and disadvantages of delphi method of group technique
what is the difference between qualitative and quantitative
One advantage of business forecasting is that it offers the business with essential information that can be used for decision-making regarding the future of the organization. One disadvantage forecasting is not always accurate. A bad forecast may break an organization.
1.Quantitative 2.Qualitative
Qualitative and Quantitative
One advantage of quantitative techniques in planning is the ability to have better information. A disadvantage is the fact that the process takes too long.
One advantage of business forecasting is that it offers the business with essential information that can be used for decision-making regarding the future of the organization. One disadvantage forecasting is not always accurate. A bad forecast may break an organization.
Qualitative forecasting is an estimating method that relies upon human judgement, usually the judgment of a perceived expert. Quantitative forecasting uses statistics to make predictions on future outcomes. These prior experiences use past trends to try to predict future outcomes.
Advantages: • relationships amongst quantifiable variables of decision-making strategies Enhance accuracy level while analyzing the data ** Disadvantages: • Broad the study, can be increased the number of samples from population.
well to start with the advantages * The results are statistically reliable and the disadvantages * · Quantitative market research projects often include larger numbers of respondents (quantity, as the name implies) and for that reason tend to cost significantly more than qualitative market research does. well to start with the advantages * The results are statistically reliable and the disadvantages * · Quantitative market research projects often include larger numbers of respondents (quantity, as the name implies) and for that reason tend to cost significantly more than qualitative market research does. well to start with the advantages * The results are statistically reliable and the disadvantages * · Quantitative market research projects often include larger numbers of respondents (quantity, as the name implies) and for that reason tend to cost significantly more than qualitative market research does.
Advantages and Disadvantages of equity
advantages and disadvantages