Asked by Shalara Santana on Jun 27, 2024
Verified
Regression analysis is a very effective quantitative forecasting technique for all time horizons.
Regression Analysis
A statistical method used to examine the relationship between a dependent variable and one or more independent variables.
Quantitative Forecasting
A method of predicting future events, demands, or trends based on numerical data and statistical analysis.
- Acknowledge the difficulties and impediments in forecasting approaches, chiefly when dealing with environments characterized by uncertainty or complexity.
Verified Answer
MG
Manasa GunavaramJun 30, 2024
Final Answer :
False
Explanation :
Regression analysis can be effective for short to medium-term forecasting but may not be as reliable for long-term forecasts due to changes in underlying assumptions, relationships, and external factors over time.
Learning Objectives
- Acknowledge the difficulties and impediments in forecasting approaches, chiefly when dealing with environments characterized by uncertainty or complexity.
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