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GIAC Exam GCPM Topic 5 Question 67 Discussion

Actual exam question for GIAC's GCPM exam
Question #: 67
Topic #: 5
[All GCPM Questions]

Which of the following are the types of casual/econometric forecasting methods? Each correct answer represents a complete solution. Choose all that apply.

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Suggested Answer: A

by Georgene at Mar 18, 2025, 11:42 AM

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Felicitas
3 months ago
ARIMA and ARMA? Sounds like a pair of Italian brothers who fix washing machines. But I guess they're actually legit forecasting methods. Who knew?
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Sarah
2 months ago
I never thought of it that way, but now I can't unsee it!
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Ligia
2 months ago
Yeah, ARIMA and ARMA are actually statistical methods used for forecasting.
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Nan
2 months ago
Haha, that's a funny way to think about it!
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Kattie
2 months ago
D) Econometrics
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Walker
2 months ago
C) ARMA
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Carlene
2 months ago
B) ARIMA
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Tammara
3 months ago
A) Scenario building
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Myrtie
4 months ago
A) Scenario building? That's more like storytelling than forecasting. I'll go with B), C), and D) - those are the real statistical tools for econometric forecasting.
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Kris
2 months ago
I would go with ARIMA, ARMA, and Econometrics for accurate forecasting.
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Elsa
3 months ago
Econometrics is definitely a solid method for forecasting.
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Julene
3 months ago
I think ARIMA and ARMA are great choices for econometric forecasting.
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Cecily
3 months ago
I agree, scenario building seems more subjective. ARIMA, ARMA, and Econometrics are more reliable for forecasting.
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Alline
4 months ago
Hmm, I think all of these options are correct. Econometrics is a broad field that encompasses various quantitative forecasting techniques, including ARIMA and ARMA models.
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Moira
4 months ago
This question is a good mix of options, but I'm not sure about A) Scenario building. Isn't that more of a qualitative forecasting method?
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Alica
3 months ago
B) ARIMA and C) ARMA are also types of casual/econometric forecasting methods.
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Salena
3 months ago
A) Scenario building is actually considered a type of casual/econometric forecasting method.
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Micah
4 months ago
B) ARIMA and C) ARMA are definitely correct as they are time-series forecasting methods. D) Econometrics is also a valid choice since it involves using statistical models to analyze economic data and make predictions.
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Caitlin
4 months ago
I'm not sure about D) Econometrics, but I think it might be a type of casual/econometric forecasting method.
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Karan
4 months ago
I believe B) ARIMA and C) ARMA are also types of casual/econometric forecasting methods.
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Micah
4 months ago
I think A) Scenario building is one of the casual/econometric forecasting methods.
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