What is the primary factor used in forecasting project volumes?

The primary factor used in forecasting project volumes is expert opinion and historical data. This approach combines insights gained from professionals with experience in the field and statistical analysis of previous trends to predict future volumes effectively. Historical data provides a quantitative basis, reflecting past performance and patterns within the project or market. In conjunction with expert opinions, which may include insights on potential changes in the market environment or operational capacities, this dual approach ensures a well-rounded, informed forecast.

While current market trends can influence forecasts, they are often best interpreted through the lens of historical data and expert insights. Average patient satisfaction ratings and technological advancements may provide valuable information for specific projects, but they typically do not serve as the foundational elements for volume forecasting in the same comprehensive way as historical data and expert analysis do.