Forecasting models can be divided into three groups. They are:
A) time series, optimization, and simulation methods
B) judgmental, extrapolation, and econometric methods
C) judgmental, random, and linear methods
D) linear, non-linear, and extrapolation methods

Question

Quizplus · Accepted Answer

This is the correct grouping of forecasting models. Time series, optimization, and simulation methods are all subcategories of quantitative methods. Judgmental, extrapolation, and econometric methods are all subcategories of qualitative methods.

Forecasting Models Can Be Divided into Three Groups