Forecasting Methods Qualitative:primarily subjective;rely on judgment and opinion Time Series:use historical demand only Static ■Adaptive ■ Causal:use the relationship between demand and some other factor to develop forecast Simulation Imitate consumer choices that give rise to demand Can combine time series and causal methods SEIEE AU406 7-4+ - SEIEE AU406 7-4 Forecasting Methods  Qualitative: primarily subjective; rely on judgment and opinion  Time Series: use historical demand only  Static  Adaptive  Causal: use the relationship between demand and some other factor to develop forecast  Simulation  Imitate consumer choices that give rise to demand  Can combine time series and causal methods