Which Forecasting Methods Are the Simplest to Implement and Can

question 48

Multiple Choice

Which forecasting methods are the simplest to implement and can serve as a good starting point for a demand forecast?

• A)Qualitative forecasting methods
• B)Time series forecasting methods
• C)Causal forecasting methods
• D)Simulation forecasting methods

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Definitions:

Scholarly Journal

A periodical publication that contains articles and research findings written by experts in a specific academic field.

Wilhelm Wundt

A German physician, physiologist, and philosopher, widely regarded as the father of experimental psychology.

Psychologists

Professionals who study mental processes and behavior through research and observation, often applying knowledge to assess and treat mental health issues.

Functionalism

A perspective in sociology and anthropology that interprets society as a structure with interrelated parts designed to meet the biological and social needs of individuals that make up that society.