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:

Objectively

Objectively means considering facts without influence from personal feelings, interpretations, or prejudice, based on observable phenomena.

Culture

The shared values, traditions, norms, customs, arts, history, folklore, and institutions of a group of people.

Deviant Behavior

Actions or behaviors that violate societal norms or values, often causing disapproval or sanctions.

Constructionist Analyses

Observations and studies that examine how social phenomena are created, institutionalized, and become tradition.