All of the following are true about time series methods except
A) they discover a pattern in historical data and project it into the future.
B) they identify a set of related independent, or explanatory, variables.
C) they assume that the pattern of the past will continue into the future.
D) their forecasts are based solely on past values of the variable or past forecast errors.

Question

Quizplus · Accepted Answer

Time series methods do not identify related independent variables, as they focus solely on the pattern of a single variable over time.

All of the Following Are True About Time Series Methods