Question: Objective forecasting methods are those in which the forecast is derived from an analysis of data. A time series method is one that uses data

Objective forecasting methods are those in which the forecast is derived from an analysis of data. A time series method is one that uses data from sources other than series being predicted; that is, there may be other variables with values that are linked in some way to what is being forecasted. Causal models are ones that use only past values of the phenomenon we are predicting. Is it true or false? True False QUESTION 4 For time series methods, the idea is that information can be inferred from the pattern of past observations and can be used to forecast future values of the series. Is it true or false? True Falso QUESTION 5 Holiday Inn, Inc. is attempting to predict the demand next year for motel rooms, based on a history of demand observations. A. Time series B. Delhi Mahest

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