Which forecasting methods are the simplest to implement and can serve as a good starting point for a demand forecast?

A) Qualitative forecasting methods
B) Time series forecasting methods
C) Causal forecasting methods
D) Simulation forecasting methods

Qualitative Forecasting Methods

Forecasting techniques based on expert judgments and not on numerical data, often used for market trends.

Time Series Forecasting Methods

Statistical techniques used to predict future values based on previously observed values over time, often applied in finance, weather forecasting, and inventory management.

Simplicity

The quality of being easily understood or executed without complexity.