No demand forecasting method is 100% accurate. Collective forecasts develop precision and reduce the probability of huge mistakes.
Methods which relay on Qualitative Assessment:
Forecasting demand based on expert opinion. A number of the types in this method are:
- Game theory
- Unaided judgment
- Delphi technique
- Prediction market
- Judgmental bootstrapping
- Intentions and expectations surveys
- Simulated interaction
- Conjoint analysis