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 Delphi method 3 Market research 4 Exponential smoothing 5 Moving average 6 Qualitative method 7 Naive method 8 Seasonal additive 9 Linear trend equation 10 Quantitative method 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. Objective analysis of historical data Method using last period's actuals as this period's forecast. Type of regression analysis model used when there is a constant trend Qualitative method using polls, interviews, questionnaires, etc. to gather information to enable a sales forecast Time series method that uses a moving average plus a percentage of forecast error. Method used by defining the relationship between independent and dependent variables Method attempting to achieve a consensus forecast based on expert knowledge. Creates and adds a seasonal index for historical data that does not have a trend and does not increase over time but displays seasonality. A subjective judgment based on opinion (no historical data)
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