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