TIME SERIES models attempt to predict the future by using _____________ data. Ti

Question

TIME SERIES models attempt to predict the future by using _____________ data. Time series methods include _________, __________, __________, and __________. Qualitative models include _________, __________, __________, and __________. A company interested in design and planning for new projects would most likely start with a ____________________ forecasting model. A company that has a considerable amount of sales data going back to 2009 would be best suited to use a __________________________ model.

Explanation / Answer

i) previously observed

ii) spectral analysis and wavelength analysis

iii) autocorrelation and cross correlation analysis

iv) delphi method, market research and historical life cycle analogy.

v) Tactical and operations decisions

vi) MOving average (simple or weighted) or exponential smoothing

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