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:

Data Set

A collection of data, often organized in a structured format, that can be analyzed to find patterns, trends, or to answer specific questions.

Extreme Values

The maximum and minimum values in a data set, often of particular interest for identifying outliers.

Bell Shaped

A term often used in statistics to describe the symmetrical, bell-like curve of a normal distribution.

Sensitive

Capable of detecting or responding to small changes, often used in the context of measurements, instruments, or systems.