Question: Causal forecasting methods are used when: the relationship between the item to be forecasted and some other factor ( such as advertising expenditure or sales

Causal forecasting methods are used when:
the relationship between the item to be forecasted and some other factor (such as advertising expenditure or sales of another product) is not linear.
historical data is not available and there is a relationship between the item to be forecasted and some other factor (such as advertising expenditure or sales of another product).
there is a no relationship between the item to be forecasted and some other factor (such as advertising expenditure or sales of another product).
historical data is available and there is a relationship between the item to be forecasted and some other factor (such as advertising expenditure or sales of another product).
 Causal forecasting methods are used when: the relationship between the item

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!