One disadvantage of time-series forecasting is that it requires knowledge of a future cause in order to predict change in an independent variable.

Question

Quizplus · Accepted Answer

Time-series forecasting relies on historical data to make predictions and does not require knowledge of future events or causes. The technique assumes that past patterns and trends will continue in the future, without the need for information about external factors that may influence the outcome. However, incorporating information about future events can improve the accuracy of the forecast if it is available.

One Disadvantage of Time-Series Forecasting Is That It Requires Knowledge