The Forecasting Method That Is Appropriate When the Time Series

question 45

Multiple Choice

The forecasting method that is appropriate when the time series has no significant trend, cyclical, or seasonal effect is _____.

• A) moving averages
• B) mean squared error
• C) mean average deviation
• D) the qualitative forecasting method

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Definitions:

Salaries

Payments made to employees, typically on a regular basis, for performing their job duties.

Administrative Department

A division within a company or organization that focuses on tasks related to the management and running of the organization, such as human resources, finance, and operations.

Occupied Space

Occupied space refers to the area within a property or facility that is currently being used or rented out, as opposed to areas that are vacant or unused.

Administrative Costs

Expenses related to the general operation of a business, including salaries of non-sales personnel, rent, utilities, and office supplies.