Andy took what he liked to call "the sheriff without a gun" approach to forecasting. Every period he tried a number of different forecasting approaches and simply averaged the predictions for all of the techniques. This overall average was the official forecast for the period. The more formal name for this technique is:
A. grand averaging.
B. focus forecasting.
C. simple average.
D. combination forecasting.
Answer:D
Andy took what he liked to call "the sheriff without a gun" approach to forecasting. Every period he tried a number of different forecasting approaches and simply averaged the predictions for all of the techniques. This overall average was the official forecast for the period. The more formal name for this technique is:
A. grand averaging. B. focus forecasting. C. simple average. D. combination forecasting.