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Describe the three main types of forecasting models (time-series, causal, and qualitative). When are each of these forecasting models typically used?...

Describe the three main types of forecasting models (time-series, causal, and qualitative). When are each of these forecasting models typically used?

Word Limit: more than 200 less than 300

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546238_HOMEWORK_AnswerForecastingModels.docx

Forecasting Models
1. Qualitative Model: Methods are based on the opinions of the educated people.
They are:
(a) Delphi method: Forecast is developed by a panel of experts who
anonymously answer a...

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