The Forecasting Method That Is Appropriate When the Time Series

question 22

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)qualitative forecasting methods

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Definitions:

Obesity

A health condition marked by an abnormal amount of body fat which elevates the likelihood of facing health issues.

France

A country in Western Europe known for its rich history, cultural landmarks, and significant contributions to art, science, and philosophy.

Underestimate

To judge something to be smaller or less important than it actually is.

Overestimate

To assess something as greater, more important, or more significant than it actually is.