Forecasting Models
Not what you're looking for?
Explain the differences between qualitative and judgmental, statistical time-series, and explanatory / causal forecasting models.
Purchase this Solution
Solution Summary
The expert explains the differences between qualitative and judgement, statistical time-series, and explanatory / causal forecasting models.
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 ...
Education
- MBA, Merage School of Business, Univ of Cal, Irvine
- BA, Univ of Cal, Irvine
Recent Feedback
- "Thank you so much for your help, it was very helpful to see how you did it in excel. Thanks again!"
- "Awesome review. Thank you!!!!!"
- "Wow - Amazing - Thanks"
- "Thanks"
- "Thanks for your help. Your solution helps me understand the problem and its solution."
Purchase this Solution
Free BrainMass Quizzes
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Learning Lean
This quiz will help you understand the basic concepts of Lean.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.