A forecasting method used when there is a single independent variable (time) and a dependent variable (often demand) and the two variables are linearly related is?
A) Linear trend forecast
B) Simple linear regression forecast
C) Multiple regression forecast
D) Exponential smoothing forecast

Question

Quizplus · Accepted Answer

Linear trend forecast is a forecasting method used when there is a single independent variable (time) and a dependent variable (often demand) and the two variables are linearly related.

A Forecasting Method Used When There Is a Single Independent