A firm can combine time series and causal forecasting method to answer impact of a price. This can only be possible using what method?
A)Best-fit forecasting.
B)Rolling forecasting.
C)Simulation forecasting.
D)Econometric forecasting.

Question

Quizplus · Accepted Answer

Simulation forecasting methods replicate the consumer choices that give rise to demand in order to arrive at a forecast. Using simulation forecasting can combine time series and causal forecasting method to understand the impact of a price.

A Firm Can Combine Time Series and Causal Forecasting Method