Qualitative methods and market experiments work best for forecasting product:

Question

Quizplus · Accepted Answer

Qualitative methods and market experiments are particularly useful in the early stages of product development, such as during product introduction or start-up. These methods allow for testing and refining of product ideas before significant resources are invested. Qualitative methods, such as focus groups and interviews, can provide valuable feedback from potential customers about their needs and preferences. Market experiments, such as sample product releases or mock advertising campaigns, can test market demand and gauge potential success.

Qualitative Methods and Market Experiments Work Best for Forecasting Product