Which of the following is considered a causal method of forecasting?
A)exponential smoothing
B)moving average
C)linear regression
D)Delphi method

Question

Quizplus · Accepted Answer

Linear regression involves identifying a relationship between two or more variables and using that relationship to predict future values. This is considered a causal method of forecasting because it seeks to understand the underlying cause-and-effect relationships that influence the variable being forecasted. Exponential smoothing and moving average are considered time series methods of forecasting, which rely solely on historical data patterns to predict future values. The Delphi method is a qualitative forecasting technique that uses expert opinion to arrive at a consensus forecast.

Which of the Following Is Considered a Causal Method of Forecasting