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
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