Forecasting models can be divided into three groups.They are _____ methods.
A)time series,optimization,and simulation
B)judgmental,extrapolation,and econometric
C)judgmental,random,and linear
D)linear,non-linear,and extrapolation

Question

Quizplus · Accepted Answer

Forecasting models can be categorized into judgmental (based on expert opinions), extrapolation (extending past data trends into the future), and econometric (using economic indicators in a statistical model) methods.

Forecasting Models Can Be Divided into Three Groups