Quantitative inventory forecasting model
Unlike the qualitative model, the quantitative model emphasizes data. Obviously, this makes it, at least a priori, more objective and precise than the qualitative model.
Specifically, the quantitative model uses numerical historical data. The more data you are able to extract as a company, the more accurate the inventory forecast will be. An example of this quantitative model is forecasting based on historical data series, which uses past data to predict future trends.
