Question

In which of the following forecasting technique data obtained from past experience is analysed?​

Answer 1

In the time series forecasting technique,  data obtained from past experience is analyzed.

Explanation:

• In time series forecasting predictions about the future are made.
• Model is created based on the historical data and they are carefully observed and analyzed to predict the future.
• In other words, it is the use of a model on the basis of which future values are is evaluated from the previous values.