The forecasting technique that allows managers to use external quantitative data for forecasting is referred to as:
A) Qualitative technique
B) Simple exponential smoothing
C) Simple Moving Average
D) Causal forecasting
E) Weighted moving average

Question

Quizplus · Accepted Answer

Causal forecasting allows managers to use external quantitative data to predict future trends by identifying the relationships between different variables. This method assumes that the variable to be forecasted has a cause-and-effect relationship with one or more other variables.

The Forecasting Technique That Allows Managers to Use External Quantitative