Which term most closely describes what associative forecasting techniques are based on?
A)Time series data
B)Linear relationships
C)The Delphi technique
D)Consumer survey
E)Predictor variables

Question

Quizplus · Accepted Answer

Associative forecasting techniques are based on predictor variables, also known as causal variables. These variables are used to create a model that determines how changes in one variable will affect another variable. This approach differs from time series forecasting, which is based solely on historical data, and consumer survey methods, which rely on direct feedback from customers. Linear relationships may be used as part of associative forecasting, but they are not the main focus. The Delphi technique is a specific approach to gathering expert opinions, but it is not the basis for associative forecasting.

Which Term Most Closely Describes What Associative Forecasting Techniques Are