I a Time Series Is a Collection of Data Recorded

question 139

Multiple Choice

i. A time series is a collection of data recorded over a period of time, usually monthly, quarterly, or
Yearly.
ii. Long-term forecasts are usually from one year to more than 10 years into the future.
iii. A forecast is considered necessary in order to have the raw materials, production facilities, and
Staff available to meet estimated future demands.

• 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) (i), (ii), and (iii) are all false statements.

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Definitions:

American Dream

The idea that people can achieve personal success, no matter their origin or socioeconomic status, in a society that enables upward mobility for all its members.

Poverty

A state of economic deprivation or lack of access to sufficient resources and services, such as food, housing, education, and healthcare.

Meritocracy

A system where individuals achieve success or are given opportunities based on their abilities and merits rather than on their social status or background.

Stratification

The hierarchical arrangement and classification of society into different layers based on socioeconomic status, race, ethnicity, or other distinguishing factors.