What is Forecasting? | Process & Benefits of Forecasting

In this video, I have explained " Forecasting".
Forecasting is a technique for making predictions of the direction of future trends based on analysis of past and present data. Businesses use forecasting to determine how to allocate their budgets or plan for anticipated expenses for an upcoming period.
Topics I have discussed in this video are,
1. What is forecasting?
2. Methods of Forecasting- Qualitative method and Quantitative method.
3. Process of Forecasting.
4. Benefits of forecasting in sales, demand, qualitative.
5. Forecasting definition.
6. examples of forecasting.
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#forecasting

[@maharaniarviputri7152]

Thank you for explaining forecasting to help deepen the knowledge in my studies!!

[@thak44]

Omg thank you so much I’ve been trying to understand it from the text book this is so much more helpful

[@lisamack9504]

Very helpful! Explained very well! Thank you!

[@Educationleaves]

You are welcome!

[@oladapojohnsonotukoya3733]

Thanks. I learnt so much about forecasting

[@Educationleaves]

Glad to know that🙂

[@chancanchela7920]

thank you for providing this free tool, it helps.

[@Educationleaves]

You are welcome!

[@jovhelleescamus906]

hello,can you ellaborate the forecasting is technique for,please answer me😭

[@gonz2707]

Great video, that help a lot to remember :D

[@Educationleaves]

Thank you!!

[@mahemoodkhan3483]

Best video. Thanks for this

[@Educationleaves]

Glad you liked it

[@lambiolamb]

Thank you

[@priscillahondogah5547]

Great Explanations. could the background music be reduced to a minimum? Thank you

[@zairagarcia782]

Great summary! I just to brint to your attention that there is a typo: when describing methods, the first one is qualitative however it is written quantitative in the title. Thanks!!

[@Educationleaves]

Yeah, that's a mistake...thanks for watching.

[@annettewilliams6486]

@@Educationleaves Will the mistake be corrected?

[@nancyolascuaga3802]

I saw it too!!! lol now I feel smart... cuz I was confused!

[@sonusonus728]

Thnk u sir it's easy to remember

[@Educationleaves]

You are welcome!

[@alaastubel9984]

thank you very much

[@Educationleaves]

Ur most welcome

[@SarowarAzad]

Great Presentation, Please try to remove background music........because we are try to learn something but this noise divert the mind.

[@zlcopenhagen]

please correct the mistake in the beginning of the video. its explaining about qualitative methods, but its written quantative, thx

[@Cnu185]

You wrote quantitative method instead of qualitative method. A small mistake

[@PraveenKumar-cw8rf]

Yes, Next time could you plz mind it and Great job!!

[@gwynmagno9833]

Question! When will Qualitative Method is use??

[@tarunmarotu7979]

nahi bolega bhai q puch rahe ho sab AI ka help se kiya hai 🤣🤣🤣

[@korman9872]

Tx sir

[@Educationleaves]

You are welcome!

[@anshchouhan4028]

Need to ditch the music man, Some of us are trying to study

[@Educationleaves]

I understand but it can't be reversed