Causal forecasting methods find the correlation between_______ and ________.
A)Demand; environment.
B)Supply; production.
C)CRM; SRM.
D)None of the above.

Question

Quizplus · Accepted Answer

Causal forecasting methods assume that demand forecast is highly correlated with certain factors in the environment; therefore, it finds the correlation between demand and environment and uses estimates of what environmental factors will be in order to forecast future demand. For example, product pricing is strongly correlated with demand. Thus, companies can use casual methods to determine the impact of price promotions on demand.

Causal Forecasting Methods Find the Correlation Between_______ and ________

Causal Forecasting Methods Find the Correlation Between_ and __