Forecasting Methods That Use Historical Demand to Make a Forecast

question 35

Multiple Choice

Forecasting methods that use historical demand to make a forecast are known as

• A) qualitative forecasting methods.
• B) time series forecasting methods.
• C) causal forecasting methods.
• D) simulation forecasting methods.
• E) none of the above

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Definitions:

University of Leipzig

The University of Leipzig is a renowned research university located in Leipzig, Germany, established in 1409, making it one of the world's oldest universities.

Wilhelm Wundt

A German psychologist widely considered the father of experimental psychology, who established the first psychological laboratory.

Objective Measure

A method of assessment that is independent of personal bias or interpretation, often utilizing tools or instruments for data collection.

Functionalists

Focus on how mental and behavioral processes function and how they enable organisms to adapt, survive, and flourish.