The business situation I believe would lend itself to the use of a quantitative business model is the selling of health & wellness products I currently do mainly on my social media websites and thru friends and family. I would love to expand it substantially therefore to forecast sales I would use a quantitative business model to help me increase my sales and create my advertising campaigning. In this case the regression equation derived from the historical sales data would be the primary business model I would use. It would help in determining the possible sales for the future or the upcoming months which would help me understand past demand trends, so I can determine how much supplies I should keep on hand for my direct sales and avoid unnecessary storage fees. Quantitative methods provide solid evidence to guide me as a business owner in making management decisions on distribution, marketing, project future business conditions as well as enable me to adjust my strategies as needed.
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