A technique that analyzes past behavior of a time-series variable to predict the future is referred to as
A) a regression model.
B) a seasonal model.
C) a past performance model.
D) an extrapolation model.

Question

Quizplus · Accepted Answer

The technique that analyzes past behavior of a time-series variable to predict the future is referred to as an extrapolation model. Option A, regression model, involves the analysis of the relationship between two or more variables and might not be the best option for time series analysis. Option B, seasonal model, is specific to analyzing seasonal patterns and trends within a time series, and option C, past performance model, is not a commonly used term in time series analysis.

A Technique That Analyzes Past Behavior of a Time-Series Variable