Expert judgment sales forecasting is based on expert opinion and personal experience.
Personal experience is the knowledge, understanding, and learning that is acquired through an individual’s direct engagement with life. This can include active experiments, observations, interactions, and trials. It is a form of experiential learning that refers to the process of making meaning out of direct experience. This type of learning is often more powerful than traditional forms of learning because it requires the individual to create their own meaning and interpretation of a particular situation. Personal experience can be used to inform decisions, increase self-awareness, and develop coping skills. It can also provide an opportunity to explore one’s identity, values, and beliefs.
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