BA 30310 Quiz: Foresight Quiz 2 Part 5
Foresight Quiz #2
● Traditional (Business) Forecasting vs. Framework (Foresight) Forecasting:
o Benefits of Forecasting;
▪ Generates resilient forecasts of future changes
▪ Envisions futures that do not look like the past
▪ Embraces uncertainty to forecast alternative future scenarios
▪ Recognizes that shorter term forecasts are more likely to be more
accurate than long term ones
o Traditional (Business) Forecasting:
▪ SHORT-TERM horizon
▪ Focus on CONTINUITY
▪ HIDE uncertainty
▪ SINGLE forecast
▪ QUANTITATIVE techniques
o Framework (Foresight) Forecasting:
▪ LONG-TERM horizon
▪ Focus on DISCONTINUITY
▪ REVEAL uncertainty
▪ ALTERNATIVE forecasts
▪ QUALITATIVE and QUANTITATIVE techniques
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