Among the advantages of the ________ technique of forecasting are ease of calculation,relatively little requirement for analytical skills,and the ability to provide the analyst with information regarding the statistical significance of results and the size of statistical errors.
A)least-squares trend analysis
B)compound growth rate
C)visual trend-fitting
D)expert opinion

Question

Quizplus · Accepted Answer

The advantages mentioned in the question are all applicable to the least-squares trend analysis technique of forecasting. The other options do not necessarily provide information on statistical significance or errors, and may require more analytical skills or subjective judgment.

Among the Advantages of the ________ Technique of Forecasting Are