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 Seasonal additive 2 Naive method 3 Moving average 4 Delphi method 5 Quantitative method 6 Qualitative method 7 Market research 8 Linear trend equation 9 Exponential smoothing 10 Regression analysis Objective analysis of historical data Time series method that uses a moving average plus a percentage of forecast error. 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. Type of regression analysis model used when there is a constant trend Method attempting to achieve a consensus forecast based on expert knowledge. Method used by defining the relationship between independent and dependent variables Method using last period's actuals as this period's forecast. Creates and adds a seasonal index for historical data that does not have a trend and does not increase over time but displays seasonality. Qualitative method using polls, interviews, questionnaires, etc. to gather information to enable a sales forecast A subjective judgment based on opinion (no historical data)
New game