Which of the following calculations is a major component that is used with extrinsic forecasting?
A) Moving average
B) Exponential smoothing
C) A seasonal index
D) An economic indicator

Question

Quizplus · Accepted Answer

Extrinsic forecasting involves using external factors, such as economic indicators, to make predictions about future performance. Therefore, an economic indicator would be a major component used in extrinsic forecasting. The other options, moving average, exponential smoothing, and seasonal index, are typically used in intrinsic forecasting, where historical data is used to make predictions.

Which of the Following Calculations Is a Major Component That