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Discussion Post: QMB
Watch the YouTube video "How to use data to make a hit TV show | Sebastian Wernicke" and answer the following questions:
There are many ways to approach business forecasting. For example, there are both qualitative and quantitative methods. Some forecasts are based on highly sophisticated statistical methods; some are based on experience and examine past precedent, while others just follow a gut feeling.
The selection of a method depends on many factors such as the context of the forecast, the relevance and availability of historical data, the degree of desirable accuracy, and others.
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Question B. What did you learn in this video that can apply to your professional life?
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