GIAC GCPM Exam - Topic 8 Question 60 Discussion

Actual exam question for GIAC's GCPM exam

Question #: 60
Topic #: 8

[All GCPM Questions]

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."

AJudgmental method

BCausal/econometric method

CTime series method

DEnsemble forecasting

Show Suggested Answer

Suggested Answer: A

by Luisa at Oct 23, 2024, 08:16 PM

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Misty

3 months ago

Time series is more about past data, so it can't be C.

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Nadine

3 months ago

Causal method makes sense, but I’m surprised it’s not more popular!

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Eugene

3 months ago

Wait, are we sure it’s not A? Sounds like judgment to me.

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Jonelle

4 months ago

I agree, it’s all about those influencing factors.

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Clement

4 months ago

Definitely B, causal/econometric method!

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Denny

4 months ago

I keep mixing up time series and causal methods. Time series seems more about historical data, right?

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Venita

4 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.

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Jeannetta

4 months ago

I'm not entirely sure, but I remember something about judgmental methods relying more on expert opinions rather than factors.

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Dominic

5 months ago

I think the answer might be B, the causal/econometric method, since it talks about identifying factors that influence the forecast.

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Yvonne

5 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.

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Helene

5 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.

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Delfina

5 months 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.

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Chery

5 months 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.

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