If a Time Series Has a Trend and No Seasonality,the

question 51

True/False

If a time series has a trend and no seasonality,the double exponential smoothing model is the most appropriate model to be used for forecasting.

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Definitions:

Economic Activities

Actions that involve the production, distribution, and consumption of goods and services in an economy.

Measurement System

The collection of units of measurement and rules relating them to each other, used to quantify physical quantities.

Accounting Equation

A fundamental principle of accounting stating that assets equal liabilities plus owners' equity, representing the balance sheet's structure.

Assets

Resources owned or controlled by a business, expected to produce benefits or economic value in the future.