The forecasting technique which involves the use of the least squares statistical method to examine trends,and takes into account seasonal and cyclical fluctuations,is known as
A)compound growth rate projection.
B)the Delphi method.
C)time series projection.
D)exponential smoothing projection.

Question

Quizplus · Accepted Answer

Time series projection uses the least squares statistical method to examine trends and takes into account seasonal and cyclical fluctuations. Compound growth rate projection is a technique for estimating growth by assuming a constant growth rate over a period of time. The Delphi method is a qualitative forecasting method that involves obtaining judgments from a panel of experts. Exponential smoothing projection is a technique for smoothing out fluctuations in time series data.

The Forecasting Technique Which Involves the Use of the Least