All of the Following Are True About Time Series Methods

question 30

Multiple Choice

All of the following are true about time series methods except

• A) they discover a pattern in historical data and project it into the future.
• B) they identify a set of related independent, or explanatory, variables.
• C) they assume that the pattern of the past will continue into the future.
• D) their forecasts are based solely on past values of the variable or past forecast errors.

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Definitions:

George W. Bush

The 43rd President of the United States who served from 2001 to 2009, known for his responses to the 9/11 terrorist attacks and leading the country during the Iraq and Afghanistan wars.

Taliban

An Islamic fundamentalist political movement and military organization in Afghanistan, known for its strict interpretation of Sharia law.

World Trade Center

A large complex of office buildings in New York City, including the Twin Towers, tragically targeted in the terrorist attacks of September 11, 2001.

Pentagon

The headquarters of the United States Department of Defense, located in Arlington, Virginia, known for its distinctive five-sided shape.