Quantitative forecasting is a method used to predict future events or trends based on historical data and statistical techniques. It relies on numerical data, such as sales figures or market trends, to create mathematical models that can estimate future outcomes. This approach is often used in fields like finance, economics, and supply chain management. By analyzing patterns and relationships in the data, quantitative forecasting helps organizations make informed decisions. Common techniques include time series analysis, regression analysis, and exponential smoothing. These methods provide a structured way to anticipate changes and plan accordingly, reducing uncertainty in decision-making processes.