In which of the following forecasting techniques the subjective inputs obtained from various sources are analyzed?
QUESTION 7 In which of the following forecasting techniques the subjective inputs obtained from various sources are analyzed? [CLO2](2 points)
judgemental forecast
assocative model
all the answers are correct
time-series forecast
QUESTION 8 In which of the following forecasting techniques the data obtained from past experiences are analysed? [CLO2]
time series forecast
judgemental forecast
associative model
all the answers are correct
Homework Answers
(7) Judgmental forecast:
Judgmental forecasts rely on analysis of subjective inputs obtained from various sources such as opinion from consumer surveys, sales staff, managers and executives and experts. ... In such instances forecasts are based on executive opinions, sales force opinions, consumer surveys, etc.
(8) Time Series Forecast
a forecast can be developed using a time series method or a causal method. ... The objective of time series analysis is to discover a pattern in the historical data or time series and then extrapolate the pattern into the future; the forecast is based solely on past values of the variable and/or on past forecast errors.
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In which of the following forecasting techniques the subjective inputs obtained from various sources are analyzed?
Case Study Demand Forecasting For an organization to provide customer delight it is important that organization...
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Which of the following issues are difficulties for the fundamental approach to exchange rate forecasting? The...
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1. Which of the following statements is (are) not correct in the context of the Delphi...
1. Which of the
following statements is (are) not correct in the context of the
Delphi forecasting methodology? The Delphi Method
involves:
a. Consulting directly with
groups of qualified individuals and then compiling their opinions
into a forecast.
b. Detailed online surveys of
experts and the compiling of their individual answers to create a
median result.
c. Forecasting future
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d. Research or planning groups
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Which of the following is NOT a best practice for financial model inputs? Add comments to...
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Which of the following issues are difficulties for the fundamental approach to exchange rate forecasting? The model itself can be wrong. The parameter values, that is the a's and B's, that are estimated using historical data may change over time because of changes in government policies and/or the underlying structure of the economy. Either difficulty can diminish the accuracy of forecasts even if the model is correct. One has to forecast a set of independent variables to forecast the exchange...
1. Comparing forecast models Aa Aa A statistician for the Boston Police Department developed forecasts of monthly armed robberies in Boston from June 1974 to May 1975 using two forecasting methods, model A and model B. His forecasts, absolute forecast errors, and squared forecast errors for both forecasting techniques, along with the actual time series, are displayed in the following table. The time series plot of the data is shown under the table. (Data source: Time Series Data Library.) Model...
b-2. Using the MAD method of testing the forecasting model's performance, plus actual data from 3 years ago through the second quarter of this year, how well did the model perform? Based on MAD, an a performs better than an a of (Click to select) c. Using the decomp (Click to select) 0.3 0.2 hod of forecasting, forecast earnings per share for the last two quarters of this year and all four quarters of next year. (Negative values should be...
1. Which of the
following statements is (are) not correct in the context of the
Delphi forecasting methodology? The Delphi Method
involves:
a. Consulting directly with
groups of qualified individuals and then compiling their opinions
into a forecast.
b. Detailed online surveys of
experts and the compiling of their individual answers to create a
median result.
c. Forecasting future
company performance as a function of past operating and financial
data.
d. Research or planning groups
within an organization when members...
Which of the following is NOT a best practice for financial model inputs? Add comments to cells to give more information Use colour to separate inputs from outputs Data should only be entered once Protect inputs by locking input cells 2 Complex financial models are all of the following EXCEPT: They typically model most outputs from first principles They are more prone to error due to size and complexity They are easy to follow and audit They offer users a...
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