I a Forecast Is Considered Necessary in Order to Have

question 35

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

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Definitions:

Local Expressions

Phrases or sayings that are specific to a particular geographical area or community.

Slang

A type of informal language consisting of words and phrases that are regarded as very informal, are more common in speech than writing, and are typically restricted to a particular context or group of people.

Second Language

A language learned by a person in addition to their native language, especially as a means of communication in a country where that language is in use.

Design Team

A group of professionals working together to develop and create plans, drawings, or outlines for projects or products.