Focus forecasting selects the best forecast from a group of forecasts generated by individual techniques.

Question

Quizplus · Accepted Answer

Focus forecasting combines the strengths of multiple forecasting techniques to come up with a final forecast that is considered the most accurate. It takes into account the statistical performance of each technique and selects the one that has the highest accuracy for a particular time series.

Focus Forecasting Selects the Best Forecast from a Group of Forecasts