What methods are commonly used for forecasting?
Forecasting methods can be classified first as either subjective or objective. Subjective (judgmental) methods are widely used for important forecasts. Objective methods include extrapolation (such as moving averages, linear regression against time, or exponential smoothing) and econometric methods (typically using regression techniques to estimate the effects of causal variables). To see how forecasting methods relate to one another, see the Methodology Tree.
