Explore BrainMass

Explore BrainMass

    Forecasting Models

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Explain the differences between qualitative and judgmental, statistical time-series, and explanatory / causal forecasting models.

    © BrainMass Inc. brainmass.com March 5, 2021, 12:07 am ad1c9bdddf
    https://brainmass.com/business/business-management/forecasting-models-483252

    Solution Preview

    The three main types of forecasting models are qualitative and judgmental, statistical time-series, and explanatory or causal forecasting models. Of the three types, qualitative and judgmental models are the only ones that do not use quantitative data. They use other, descriptive modeling techniques such as surveys or expert panels or comparisons to other past experiences. A typical ...

    Solution Summary

    The expert explains the differences between qualitative and judgement, statistical time-series, and explanatory / causal forecasting models.

    $2.49

    ADVERTISEMENT