Examples of Data Patterns That Must Be Considered When Forecasting

question 36

Multiple Choice

Examples of data patterns that must be considered when forecasting include:

• A) Cluster
• B) Horizontal
• C) Cycle
• D) Qualitative
• E) b and c

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Definitions:

Industrial Products

Goods and services designed and marketed for use in production and operations, often sold to other businesses rather than end consumers.

Consumer Products

are goods sold directly to consumers for their personal or household use.

Six-Digit Coding

A system often used in categorizing and organizing information or items, where each item is assigned a unique six-digit code.

Industry Group

A classification involving businesses that operate in the same sector or industry and share similar product lines or services.