Which forecasting methods are the simplest to implement and can serve as a good starting point for a demand forecast?
A)Qualitative forecasting methods
B)Time series forecasting methods
C)Causal forecasting methods
D)Simulation forecasting methods

Question

Quizplus · Accepted Answer

Time series forecasting methods are considered the simplest to implement because they primarily rely on historical data to predict future demand, making them a straightforward starting point for demand forecasting.

Which Forecasting Methods Are the Simplest to Implement and Can