Chapter 10, Forecasting Flashcards
1
Q
Methods of Forecasting
A
- Qualitative forecasting
- Quantitive Forecasting
2
Q
Methods of qualitative forecasting
A
- consumer expectations
- opinions of academics
3
Q
Methods of Quantitive Forecasting
A
- The trend
- Cyclical Variations
- Seasonal variations
- Random fluctuations
4
Q
Cyclical variations
A
variations that occur because of the business cycle
