Causal forecasting:
A) does not depend upon historical values of a variable.
B) assumes that the variable being forecast has a cause-effect relationship with one or more other variables.
C) uses present variable values to study what should have been the ideal past values.
D) uses time series plots to study if the variable values are centered around the mean.

Question

Quizplus · Accepted Answer

Causal or exploratory forecasting methods are based on the assumption that the variable being forecast has a cause-effect relationship with one or more other variables.

Causal Forecasting