The use of quarterly data to develop the forecasting model Y_t = a +bY_t-1 is an example of which forecasting technique? A)Barometric forecasting B)Time-series forecasting C)Survey and opinion D)Econometric methods based on an understanding of the underlying economic variables involved E)Input-output analysis

Question

Quizplus · Accepted Answer

The use of quarterly data to develop a forecasting model is an example of time-series forecasting, which involves analyzing past historical data to identify patterns and trends that can be used to make future forecasts.

The Use of Quarterly Data to Develop the Forecasting Model