Asked by Katie McFarland on Apr 25, 2024
Verified
________ forecasting methods use historical demand to make a forecast.
A) Qualitative
B) Time-series
C) Causal
D) Simulation
Time-Series Forecasting Methods
Statistical techniques used to analyze and make predictions based on data points collected or indexed in time order.
Historical Demand
The record of past customer demand for a product or service, used to predict future demand patterns and guide inventory and production planning.
Forecast
A prediction or estimate of future events or trends, especially regarding weather or economics.
- Learn about the assortment of forecasting methods and their specific characteristics.
Verified Answer
Learning Objectives
- Learn about the assortment of forecasting methods and their specific characteristics.
Related questions
The Trend Corrected Exponential Smoothing (Holt's Model)forecast Method Is Appropriate ...
Forecasting Methods That Use Historical Demand to Make a Forecast ...
The Goal of Any Forecasting Method Is to ...
Which of the Following Uses Three Types of Participants: Decision ...
The Last Four Weekly Values of Sales Were 80, 100 ...