Under Which of the Following Conditions Would You Suggest That

question 98

Multiple Choice

Under which of the following conditions would you suggest that a double exponential smoothing model should be used instead of a single exponential smoothing model?

• A) When the time-series data exhibit a trend
• B) When there are two main time-series variables involved in the forecast application
• C) When the data exhibit only random variation
• D) When the data set is extremely uneven

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Definitions:

Indifference Curves

Graphical representations of different bundles of goods between which a consumer is indifferent, helping to illustrate consumer preferences.

Northeasterly

Pertaining to or coming from the northeast direction.

Indifference Curves

Graphs showing different bundles of goods between which a consumer is indifferent, displaying preferences for certain combinations of two commodities.

Intersect

The point at which two or more lines or paths cross or meet.