Andy took what he liked to call "the sheriff without a gun" approach to forecasting. Every period he tried a number of different forecasting approaches and simply averaged the predictions for all of the techniques. This overall average was the official forecast for the period. The more formal name for this technique is:
A) grand averaging.
B) focus forecasting.
C) simple average.
D) combination forecasting.

Question

Quizplus · Accepted Answer

Combination forecasting involves using multiple forecasting methods and then combining or averaging their predictions to form a final forecast. Andy's approach of averaging the predictions from different forecasting techniques aligns with this method.

Andy Took What He Liked to Call "The Sheriff Without