Which of the Following Methods Is Appropriate for Forecasting a Time

question 18

Multiple Choice

Which of the following methods is appropriate for forecasting a time series when the trend,cyclical,and seasonal components of the series are not significant?

• A)Moving averages
• B)Exponential smoothing
• C)Mean absolute deviation
• D)Seasonal indexes

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Definitions:

Albert Bandura

An influential psychologist known for his work on social learning theory, which emphasizes the role of observational learning, self-efficacy, and personality in behavior.

Capability-specific Belief

An individual's confidence in their ability to perform tasks or activities related to a specific domain or skill set.

Punishment

The imposition of a penalty as retribution for an offense or undesirable behavior.

Reinforcement

A process in psychology and behavior analysis that strengthens a behavior or response due to the application of a stimulus (reward or punishment) after the behavior occurs.