The Forecasting Method That Is Appropriate When the Time Series

question 3

Multiple Choice

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

• A)moving average.
• B)mean squared error.
• C)mean average error.
• D)qualitative forecasting.

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Definitions:

Group Size

The number of individuals forming a social or functional cluster, which can influence dynamics, interaction, and outcomes within the group.

Asch

Refers to the Asch conformity experiments by Solomon Asch, which demonstrate the influence of group pressure on individual judgments.

Normative Influence

The influence of other people that leads us to conform in order to be liked and accepted by them, often guiding behavior and attitudes.

Social Pressure

The influence exerted by others, often peers, on individuals to change their thoughts, feelings, or behaviors to conform to group norms.