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Supply Chain Management

Category - Demand

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A firm can combine time series and causal forecasting method to answer impact of a price. This can only be possible using what method?

Best-fit forecasting.
Rolling forecasting.
Simulation forecasting.
Econometric forecasting.

Explanation

Answer: C - Simulation forecasting methods replicate the consumer choices that give rise to demand in order to arrive at a forecast. Using simulation forecasting can combine time series and causal forecasting method to understand the impact of a price.

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