Matching Pairs Forecasting MethodsOnline version Forecasting is a risky adventure and the forecaster has the challenge of selecting the best forecasting method. Practice matching the forecasting method with its definition/use. by Tamara Strom 1 Regression analysis 2 Exponential smoothing 3 Seasonal additive 4 Moving average 5 Delphi method 6 Quantitative method 7 Linear trend equation 8 Naive method 9 Qualitative method 10 Market research Objective analysis of historical data Creates and adds a seasonal index for historical data that does not have a trend and does not increase over time but displays seasonality. Method used by defining the relationship between independent and dependent variables A subjective judgment based on opinion (no historical data) Method attempting to achieve a consensus forecast based on expert knowledge. Qualitative method using polls, interviews, questionnaires, etc. to gather information to enable a sales forecast Time series method using the average of a fixed subset, taking out the first number of the series and adding the value that follows in the subset series. Method using last period's actuals as this period's forecast. Type of regression analysis model used when there is a constant trend Time series method that uses a moving average plus a percentage of forecast error.
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