Forecasting methods that assume that the demand forecast is highly correlated with certain factors in the environment (e.g. ,the state of the economy,interest rates,etc. )to make a forecast are known as
A)qualitative forecasting methods.
B)time series forecasting methods.
C)causal forecasting methods.
D)simulation forecasting methods.

Question

Quizplus · Accepted Answer

Causal forecasting methods assume that there is a cause-and-effect relationship between the demand forecast and certain environmental factors. This type of forecasting takes into account external variables that can affect demand, making it more accurate than other methods such as qualitative or time series forecasting.

Forecasting Methods That Assume That the Demand Forecast Is Highly