The process of selecting the forecasting technique to use in a particular application is called:
A) model diagnosis.
B) model specification.
C) validity checking.
D) model fitting.

Question

Quizplus · Accepted Answer

Model specification involves choosing the appropriate forecasting technique or model to use based on the characteristics of the data and the specific goals of the forecasting task.

The Process of Selecting the Forecasting Technique to Use in a Particular