When interest rates increase by one percent,housing starts will decrease by five percent.The forecasting method which is used for this data is
A)expert opinion.
B)cause and effect.
C)qualitative.
D)quantitative.

Question

Quizplus · Accepted Answer

This scenario describes a cause and effect relationship, where the increase in interest rates is causing a decrease in housing starts. Therefore, the forecasting method used is cause and effect.

When Interest Rates Increase by One Percent,housing Starts Will Decrease