Quantitative forecasting techniques that are based on assuming that the future can be predicted by the past are referred to as?
A) Associative forecasts
B) Time series forecasts
C) Qualitative forecasts
D) Delphi method

Question

Quizplus · Accepted Answer

Time series forecasts use historical data to predict future values based on patterns observed in previous data points. Associative forecasts, on the other hand, use statistical models to identify relationships between a variable being forecasted and other variables. Qualitative forecasts rely on expert opinions and Delphi method is a structured communication technique used to obtain and refine opinions from a panel of experts.

Quantitative Forecasting Techniques That Are Based on Assuming That the Future