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OPP03: Your required reading from Sehgal and Pandey discusses the complexity of forecasting oil prices. Perform research in the academic journals in the Digital Library on the use of forecasting techniques that were discussed in this module, and in the reading. Include time series, trend analysis, and associative forecasting techniques. How are they used? Which would be the best for what industry and why?

Date Posted: 16/09/2018
Category: Business
Due Date: 17/09/2018
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  • dear, find below my doctor comment kindly to reply : (( Thanks for your post. In time series technique, it is assumed that what happened in the past will continue happening in the future (Box, Jenkins, & Reinsel, 2011). What is an example of when that is not a good assumption? Regards, Reference Box, G. E., Jenkins, G. M., & Reinsel, G. C. (2011). Time Series Analysis: Forecasting and Control. San Francisco, CA: John Wiley & Sons. ))
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