The correct answer is Trend extrapolation. This forecasting method relies on the assumption that past trends will continue into the future, making it simple but potentially inaccurate during times of change.
Multiple Choice Question
Blank______ for forecasting relies on the assumption that underlying relationships in the past will continue into the future, resulting in its simplicity as a method but inaccuracy in times of change.
Multiple choice question.
The direct method
Trend extrapolation
The lost-horse method
A salesforce survey
1 answer