Which of the Following Forecasting Methodologies Is Considered a Causal

question 37

Multiple Choice

Which of the following forecasting methodologies is considered a causal forecasting technique?

• A) Exponential smoothing
• B) Weighted moving average
• C) Linear regression
• D) Historical analogy
• E) Market research

Understand the concept of maximizing utility and the implications of indifference curves.

Grasp the economic principles guiding consumer choices and constraints such as budget limits.

Describe the relationship between the price of goods and consumer income.

Explain the significance of the marginal utility per dollar spent in making consumption decisions.

---

Definitions:

Arctic Tundra

A biome characterized by a cold, desert-like climate located at high latitudes above the Arctic Circle, with permafrost and minimal vegetation.

Coniferous Forest

A biome characterized by evergreen trees with needles and cones, often found in cooler northern latitudes.

Natural Grassland

Ecosystems dominated by grasses and other non-woody plants, often subject to periodic fires and grazing.

Annual Precipitation

The total amount of rain, snow, sleet, or hail that falls in a geographic area over a year.