All of the following are true about time series methods except
A) They discover a pattern in historical data and project it into the future.
B) They involve the use of expert judgment to develop forecasts.
C) They assume that the pattern of the past will continue into the future.
D) Their forecasts are based solely on past values of the variable or past forecast errors.

Question

Quizplus · Accepted Answer

Time series methods do not typically involve the use of expert judgment; they rely on historical data patterns to make forecasts.

All of the Following Are True About Time Series Methods