Forecasting methods can be grouped into which of the following categories?
Forecasting methods can be grouped into which of the following categories?
Forecasting methods can be broadly categorized into qualitative, extrinsic, and intrinsic methods. Qualitative methods involve subjective judgment and opinion to make forecasts, while extrinsic methods rely on external factors and indicators. Intrinsic methods use historical data and statistical techniques to make predictions. This categorization provides a comprehensive framework for understanding various forecasting approaches.
no, it's not B definetly please do not confuse us
only category of forecasting methods that includes moving average, exponential smoothing, and Holt-Winters
A moving average is a simple method that averages the values of a time series over a fixed period of time.
Intrinsic and extrinsic is same to quantitative analysis.