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 Quantitative method 2 Qualitative method 3 Linear trend equation 4 Naive method 5 Seasonal additive 6 Moving average 7 Delphi method 8 Market research 9 Regression analysis 10 Exponential smoothing Method used by defining the relationship between independent and dependent variables A subjective judgment based on opinion (no historical data) 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 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. 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. Method using last period's actuals as this period's forecast. Objective analysis of historical data
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