Causal forecasting models are based on regression framework,where the variable to be forecast depends on one or more explanatory variables.

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Quizplus · Accepted Answer

This statement is true. Causal forecasting models use regression analysis to determine the relationship between the dependent variable (i.e., the variable being forecasted) and one or more independent variables (i.e., the explanatory variables).

Causal Forecasting Models Are Based on Regression Framework,where the Variable