Which of the Following Statements About Time-Series Forecasting Is True

question 117

Multiple Choice

Which of the following statements about time-series forecasting is true?

• A)It is always based on the assumption that future demand will be the same as past demand.
• B)It makes extensive use of the data collected in the qualitative approach.
• C)It is based on the assumption that the analysis of past demand helps predict future demand.
• D)Because it accounts for trends,cycles,and seasonal patterns,it is always more powerful than associative forecasting.
• E)All of the above are true.

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Definitions:

Openness to Experience

A personality trait that describes the degree to which a person is open to new experiences, curious, imaginative, and willing to explore novel ideas.

Big Five Trait

A theory in psychology that suggests that there are five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Agreeableness

A personality trait that includes attributes like being kind, sympathetic, cooperative, warm, and considerate.

Neuroticism

A personality trait involving tendencies toward emotional instability, anxiety, and moodiness.