With the Multiplicative Seasonal Method of Forecasting

question 169

Multiple Choice

With the multiplicative seasonal method of forecasting,

• A) the times series cannot exhibit a trend.
• B) seasonal factors are multiplied by an estimate of average demand to arrive at a seasonal forecast.
• C) the seasonal amplitude is a constant, regardless of the magnitude of average demand.
• D) there can only be four seasons in the time series data.

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Definitions:

Change Vision

A clear and compelling description of a future state which an organization aims to achieve through change initiatives.

Top-Down Change

A change management strategy where decisions and initiatives are initiated by the upper management or leadership and then communicated down through the ranks of the organization.

Senior Management

The highest level of management in an organization, responsible for the overall direction and success of the company.

Initiation Of Change

The process of starting to implement actions that will alter the status quo within an organization or system.