"Dynamic models,usually computer-based,that allow the forecaster to make assumptions about the internal variables and external environment in the model" is a definition for which of the following forecasting methodologies?
A)Causal
B)Simulation
C)Focus forecasting
D)Shiskin Time series
E)Market research

Question

Quizplus · Accepted Answer

The definition given is a clear indication of a simulation model. Therefore, option B is correct. Option A (Causal) deals with relationships between variables, option C (Focus forecasting) is a method that applies subjective inputs to forecasting, option D (Shiskin Time series) is a method that removes the effects of seasonality, and option E (Market research) is a method that involves collecting data to uncover insights about customers or market trends.

"Dynamic Models,usually Computer-Based,that Allow the Forecaster to Make Assumptions About