Time series forecasting methods use _______ to make a forecast.
A)Historical demand data
B)Future demand data
C)Present demand data
D)Present demand data on a average basis

Question

Quizplus · Accepted Answer

Time series forecasting methods use historical demand data to make a forecast. They are usually based on the assumption that past demand history is a good indicator of future demand.

Time Series Forecasting Methods Use _______ to Make a Forecast