Knowee
Questions
Features
Study Tools

Which of the following is NOT a forecasting technique?  A. Judgemental  B. Time series  C. Time horizon  D. Associative

Question

Which of the following is NOT a forecasting technique?

A. Judgemental
B. Time series
C. Time horizon
D. Associative

🧐 Not the exact question you are looking for?Go ask a question

Solution

Break Down the Problem

  1. Identify the list of options provided as potential forecasting techniques.
  2. Determine which option does not belong to the category of forecasting techniques.

Relevant Concepts

  1. Judgemental Forecasting: Techniques based on expert opinions and subjective evaluation.
  2. Time Series Forecasting: Techniques that analyze historical data points to forecast future events based on identified trends and patterns.
  3. Associative Forecasting: Techniques that involve relationships between variables to make predictions.
  4. Time Horizon: This refers to the duration for making forecasting predictions, not a technique itself.

Analysis and Detail

  • Options A, B, and D represent valid forecasting techniques.
  • Option C, "Time horizon," instead relates to the framework or perspective regarding the duration of forecasts rather than a method of forecasting.

Verify and Summarize

After analyzing the options, it is evident that "Time Horizon" does not represent a specific forecasting technique.

Final Answer

C. Time horizon is NOT a forecasting technique.

This problem has been solved

Similar Questions

FORECASTING1· Definition2· Time horizons3· Types of forecast4· Forecasting approaches

Which of the following is NOT a commonly used forecasting technique for time series data?Review LaterARIMASARIMAProphetLinear Regression

Forecast basically pertains to short-term projections or estimates of short-term financial results.Select one:TrueFalse

Delphi method is used for:  A. Judgemental forecast  B. Time series forecast  C. Associative model  D. Demand forecast

Derrick is creating a constructed forecasted financial statement. Which of the following would inhibit a more accurate statement?

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.