Which One of the Following Statements About Forecasting Is True

question 145

Multiple Choice

Which one of the following statements about forecasting is True?

• A) The five basic patterns of demand are the horizontal, trend, seasonal, cyclical, and the subjective judgment of forecasters.
• B) Judgment methods are particularly appropriate for situations in which historical data are lacking.
• C) Casual methods are used when historical data are available and the relationship between the factor to be forecast and other external and internal factors cannot be identified.
• D) Focused forecasting is a technique that focuses on one particular component of demand and develops a forecast from it.

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Definitions:

Trailer Service Brake Signal

An electrical or air signal from the towing vehicle to the trailer, activating the trailer's service brakes.

Tractor Protection Valve

A safety device in air brake systems on trucks and trailers, designed to preserve air pressure in the tractor’s brakes in the event of a trailer air supply failure.

Primary Circuit

The primary circuit is the main electrical circuit in a vehicle or device, responsible for supplying power to essential components and systems.

Dual-Actuated Wedge Brakes

A braking system that utilizes a wedge action forced by dual mechanisms to increase friction and stop a vehicle efficiently.