Which of the Following Statements About Time-Series Forecasting Is True

question 105

Multiple Choice

Which of the following statements about time-series forecasting is true?

• A) It is based on the assumption that future demand will be the same as past demand.
• B) It makes extensive use of the data collected in the qualitative approach.
• C) It is based on the assumption that the analysis of past demand helps predict future demand.
• D) Because it accounts for trends, cycles, and seasonal patterns, it is always more powerful than associative forecasting.
• E) All of the above are true.

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Definitions:

Postconventional

A level of moral reasoning in Kohlberg's model where judgments are based on abstract principles and the value of all life.

Morality

Guidelines distinguishing between what is considered ethical and unethical or correct and incorrect actions.

Frontal Lobe

The part of the brain located in the front of the skull, responsible for complex cognitive functions, such as thinking, planning, problem-solving, and emotions.

Limbic System

A complex system of nerves and networks in the brain, involved in basic emotions (such as fear and pleasure), drives (such as those for food and sex), and the formation of memories.