Question 11

The causal method of forecasting uses historical data onindependent variables (such as promotional campaigns and economicconditions) to predict the demand of dependent variables (such assales volume).

True or False

Question 12

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

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

B The newer observations in the data set to develop the forecastand 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 forecastand more recent to check accuracy.

Question 13

Blank is a systematic approach to determine consumerinterest in a product or service by creating and testing hypothesesthrough data-gathering surveys. Blank Add your answer