Which Forecasting Technique Will Be Used for a Time Horizon

question 53

Multiple Choice

Which forecasting technique will be used for a time horizon of more than two years?

• A)Simple time series
• B)Delphi probe
• C)Simple regression
• D)Advanced time series

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Definitions:

Norms

Societal rules that dictate the behavior expected of individuals within a group or culture.

Deviant Behavior

Actions or conduct that deviate from societal norms, values, or expectations, often resulting in disapproval or sanction.

Positivist

Positivist refers to someone who adheres to the philosophy that the only authentic knowledge is scientific knowledge, and such knowledge can only come from positive affirmation of theories through strict scientific methods.

Constructionist Approach

A sociological perspective that conceptualizes reality as constructed by human interpretations and interactions, focusing on how social phenomena are given meaning.