Question: Question 11 The causal method of forecasting uses historical data on independent variables (such as promotional campaigns and economic conditions) to predict the demand of

Question 11

The causal method of forecasting uses historical data on independent variables (such as promotional campaigns and economic conditions) to predict the demand of dependent variables (such as sales volume).

True or False

Question 12

Forecaster that uses a holdout set approach as a final test for forecast accuracy typically uses.

A. Every other observation to develop the forecast and the remaining observations to check the accuracy.

B The newer observations in the data set to develop the forecast and older observations to check accuracy.

C The entire data set available to develop the forecast.

D.The older observations in the data set to develop the forecast and more recent to check accuracy.

Question 13

Blank is a systematic approach to determine consumer interest in a product or service by creating and testing hypotheses through data-gathering surveys. Blank Add your answer

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