I a Forecast Is Considered Necessary in Order to Have

question 31

Multiple Choice

i. A forecast is considered necessary in order to have the raw materials, production facilities, and staff available to meet estimated future demands.
Ii) One component of a time series is the secular trend that is the smooth movement of a series over a short period of time, such as a few months or quarters.
Iii) Many business and economic time series have a recurring seasonal pattern.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and (ii) are correct statements, but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) All statements are false

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Definitions:

Socially Desirable

Behaviors or traits that are valued and approved of by a social group or society.

Self-Report Measure

A type of psychological test or questionnaire where individuals provide responses about themselves, often concerning behaviors, thoughts, or feelings.

Small Positive Correlation

A statistical relationship indicating a slight increase in one variable is associated with a slight increase in another variable.

Likert Scale

A range of numbers that correspond to how much someone agrees or disagrees with an item.