Question

Which is not an indicator of barometeic technique

Answer 1

Answer:

When the estimation on certain time series is done through observation (indicators) on another time series, then that method is known as barometric method of demand forecasting. This is the method that makes use of various indicators to predict the future

Answer 2

The indicators other than coincidental indicators, lagging indicators, and leading indicators are not an indicator of the Barometric technique.

What are Barometric indicators and why it is used?

• The technique of Barometric was used to forecast weather which was used by the meteorologists.
• According to the mercury in the Barometer the weather has been forecasted.
• The time series of the three indicators coincidental, lagging, and leading are used to study the future forecasting trends.
• The major drawback of this technique is this method can be used only for short-time forecasting.