One reason time series methods are popular for forecasting is that they are relatively easy to use and understand.

Question

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Time series methods involve analyzing and forecasting data based on its historical patterns, making them intuitive and straightforward to use for many analysts and decision-makers. Additionally, time series methods often require fewer assumptions and data preparation than other forecasting methods, making them accessible to a broader range of users. However, this does not mean that time series methods are always the best choice or that they do not require skill and expertise to apply effectively.

One Reason Time Series Methods Are Popular for Forecasting Is