Which of the following forecasting techniques is most likely to be difficult to use as a result of its complexity and / or data requirements?
A)Econometric analysis
B)Simple regression
C)Simple time series
D)Jury of executive opinion

Question

Quizplus · Accepted Answer

Econometric analysis is the most complex forecasting technique that requires a higher level of mathematical and statistical knowledge. It also needs a vast amount of data to establish a relationship between independent and dependent variables. Therefore, it is more difficult to use compared to other techniques like simple regression and simple time series.

Which of the Following Forecasting Techniques Is Most Likely to Be