Forecasting technique(s)

1. Which forecasting technique(s) should be tried if the data are trending?

2. Which forecasting technique(s) should be tried if the data are seasonal?

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1. What are some basic forces that affect the trend-cycle of most variables?

2. What are some basic forces that affect the seasonal component of most variables?

What kind of trend model should be used in each of the following cases?

a. The variable is increasing by a constant rate.

b. The variable is increasing by a constant rate until it reaches saturation and levels out.

c. The variable is increasing by a constant amount

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