MGMT 216 Week 5 Time Series Method vs. Causal Method

Introduction

Sales forecasting is important and essential to business decision.

The sales forecasting methods introduced in Module 2 are Time Series Methods, whereas the Regression model (both multiple and simple regression) covered by Module 3 (and Module 5) is generally considered as Causal Method. In this discussion forum, give an example for each method (i.e., Time Series and Causal Method), explain and discuss the differences between them.

Below I’ve attached the 3 lecture slideshows to help you answer the discussion question better.

Please reply to two classmates.

Your initial response needs to be at least 100 words and each response to each classmate’s response must be at least 50 words.

I will give you their responses so you can reply to them after you’ve done your initial response to the discussion post.