The forecasting method that relies on the analysis of historical data to develop a prediction of the future is _________.
A) Time and money analysis
B) Trend by objective analysis
C) Task and objective technique
D) Time-series analysis
E) None of the above

Question

Quizplus · Accepted Answer

Time-series analysis is the forecasting method that relies on historical data to develop a prediction of the future. This method uses mathematical models to identify patterns and trends in the data, which can be used to make predictions about future trends. Choice A ("Time and money analysis") and choice C ("Task and objective technique") are not commonly used forecasting methods. Choice B ("Trend by objective analysis") is not a recognized forecasting method but rather a term that describes a decision-making process.

The Forecasting Method That Relies on the Analysis of Historical