Question

Which is not a statistical method in forecasting?
Trend analysis
Consumer survey
Regression method
Least square method​

Answer 1

Answer:

consumer survey

hope it will helps

Answer 2

The correct answer is 'Consumer survey'.

• Forecasting means the prediction of future events by referring to present and past sets of data.
• In forecasting, the data is very important which should be there while making decisions.
• A consumer survey means collecting data of the consumers, it should be done before forecasting.
• Trend analysis, Regression method, least square method are very useful for future events, the companies operation depend on this type of statistical tool.