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 Quantitative method 4 Qualitative method 5 Moving average 6 Market research 7 Exponential smoothing 8 Seasonal additive 9 Linear trend equation 10 Naive method Method used by defining the relationship between independent and dependent variables A subjective judgment based on opinion (no historical data) Method using last period's actuals as this period's forecast. 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. Type of regression analysis model used when there is a constant trend Method attempting to achieve a consensus forecast based on expert knowledge. Time series method that uses a moving average plus a percentage of forecast error. 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.
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