8.3 - Discussion: Qualitative or Quantitative Approach

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Business Finance

Description

As Wells and Young (2011) have noted in Chapter 11, master plans are developed on the basis of forecasts. Forecasting methods for airports have historically encompassed two types, qualitative and quantitative.

Discussion Item

  • Which approach, qualitative or quantitative, do you believe is the correct way to forecast important issues, such as demand and needed airport capacity?

Research several airport master plans and the methodologies employed to produce them. Once you formulate your opinion, post your position and support your rationale with citations from your references. Read your colleagues' posts and then refute or support one using evidence from juried literature.


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Explanation & Answer

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Forecasting In the Airline Industry
Thesis statement: As you may probably imagine, it is an incredibly difficult exercise to perform
in reality because one can only calculate possibilities but predicting the correct outcome is
impossible.


Discussion on the best approach to forecast important issues in the airline industry


Running head: FORECASTING IN THE AIRLINE INDUSTRY

Forecasting In the Airline Industry
Institution Affiliation
Date

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FORECASTING IN THE AIRLINE INDUSTRY

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Which approach, qualitative or quantitative, do you believe is the correct way to forecast
important issues, such as demand and needed airport capa...


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