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Which of the following forecasting methods is described in the statement below? "It is based on the assumption that it is possible to identify some factors that might influence the variable that is being forecasted."
Suggested Answer: A
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27 comments · newest first
MI
Misty
10 months ago
Time series is more about past data, so it can't be C.
NA
Nadine
11 months ago
Causal method makes sense, but I’m surprised it’s not more popular!
EU
Eugene
11 months ago
Wait, are we sure it’s not A? Sounds like judgment to me.
JO
Jonelle
11 months ago
I agree, it’s all about those influencing factors.
CL
Clement
11 months ago
Definitely B, causal/econometric method!
DE
Denny
11 months ago
I keep mixing up time series and causal methods. Time series seems more about historical data, right?
VE
Venita
12 months ago
This sounds familiar! I practiced a question like this, and I think it was also about how causal methods look at relationships between variables.
JE
Jeannetta
12 months ago
I'm not entirely sure, but I remember something about judgmental methods relying more on expert opinions rather than factors.
DO
Dominic
12 months ago
I think the answer might be B, the causal/econometric method, since it talks about identifying factors that influence the forecast.
YV
Yvonne
12 months ago
This is a tricky one. The description could apply to a few different forecasting methods. I'll need to review my notes on the differences between them to make sure I select the right answer.
HE
Helene
12 months ago
Okay, I think I've got it. The causal/econometric method is the one that relies on identifying factors that might influence the variable being forecasted. That matches the description in the question. I'm feeling confident about this one.
DE
Delfina
1 year ago
Hmm, I'm a bit unsure about this one. The description mentions identifying influencing factors, but I'm not sure if that definitively rules out the other options. I'll need to think this through carefully.
CH
Chery
1 year ago
This seems like a straightforward question about forecasting methods. The key is to identify the method that is based on identifying influencing factors, which points to the causal/econometric method.
BA
Barb
1 year ago
I'm forecasting a 100% chance of face-palming if I get this wrong.
CH
Cherilyn
1 year ago
Judgmental method? I'm just going to judge this question as being a bit too tricky.
JE
Jerilyn
1 year ago
Ensemble forecasting, eh? Sounds like a party for weather nerds.
TH
Theron
1 year ago
Time series, huh? More like time's up for me if I don't get this right!
DE
Denny
1 year ago
D) Ensemble forecasting
ME
Melinda
1 year ago
C) Time series method
OR
Oren
1 year ago
B) Causal/econometric method
EL
Elfriede
1 year ago
A) Judgmental method
BE
Beata
1 year ago
Hmm, this sounds like the causal/econometric method to me. Gotta love those factors that influence the forecast!
OL
Oliva
1 year ago
Yeah, that method definitely takes into account a lot of different factors.
JO
Jody
1 year ago
I think you're right, it does sound like the causal/econometric method.
BU
Bulah
1 year ago
I'm not sure, but I think it could also be B) Causal/econometric method because it considers factors that cause changes in the variable.
EM
Emerson
2 years ago
I agree with Corrinne, Judgmental method makes sense because it involves identifying influencing factors.
CO
Corrinne
2 years ago
I think the answer is A) Judgmental method.