Different between Expert opinion and Trend Projection method
Illustrates the different between expert opinion method and trend projection method?
Expert
Expert opinion method:
This is a qualitative technique. In this method an expert or informed individual utilizes personal or organizational experience like a basis for developing future expectations.
Trend Projection method:
In this method historical data is used to predict upcoming business activity. Now actual data are presented on a graph paper and forecasts for the future are prepared upon the basis of analysis of trend of such data.
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