GIAC Exam GCPM Topic 5 Question 67 Discussion

Actual exam question for GIAC's GCPM exam

Question #: 67
Topic #: 5

[All GCPM Questions]

Which of the following are the types of casual/econometric forecasting methods? Each correct answer represents a complete solution. Choose all that apply.

AARIMA

BEconometrics

CARMA

DScenario building

Show Suggested Answer

Suggested Answer: A

by Georgene at Mar 18, 2025, 11:42 AM

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Myrtie

6 days ago

A) Scenario building? That's more like storytelling than forecasting. I'll go with B), C), and D) - those are the real statistical tools for econometric forecasting.

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Alline

7 days ago

Hmm, I think all of these options are correct. Econometrics is a broad field that encompasses various quantitative forecasting techniques, including ARIMA and ARMA models.

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Moira

8 days ago

This question is a good mix of options, but I'm not sure about A) Scenario building. Isn't that more of a qualitative forecasting method?

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B) ARIMA and C) ARMA are definitely correct as they are time-series forecasting methods. D) Econometrics is also a valid choice since it involves using statistical models to analyze economic data and make predictions.

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