Question
1) please explain two basic methods used for forecasting: model with predictor variables and time series forecasting equation. 2) Consider a scenario in which you
1) please explain two basic methods used for forecasting: model with predictor variables and time series forecasting equation.
2) Consider a scenario in which you need to make a prediction or forecast.
What data do you plan to collect?
How to collect?
Which model do you decide to select to make a prediction?
What are the risks you are worried about regarding the accuracy of the forecast?
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
