Which of the Following Is True of Time Series Data

question 5

Multiple Choice

Which of the following is true of time series data?

• A) Time series data are used very infrequently in economic analysis.
• B) Time series data measures a variable for different individuals at a point in time.
• C) Time series data combines panel data with cross-sectional data.
• D) Time series data measures a given variable at different points in time.

---

Definitions:

Chase Strategy

A management approach that adjusts production rates to align with fluctuations in demand, aiming to match output with demand and minimize inventory costs.

Aggregate Planning

A process by which a company determines ideal levels of capacity, production, subcontracting, inventory, stockouts, and pricing over a specified time period.

Demand Estimation

The process of determining the expected demand for a product or service, based on historical data, market trends, and other influencing factors.

Chase Strategy

A demand-matching approach in capacity planning, where output rates are adjusted to match demand forecasts, minimizing inventory levels.