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:

Abstract Concept

An idea or thought that is intangible and not based directly on physical reality, requiring a level of thinking and understanding beyond concrete objects.

Dissimilar

Different in nature or quality; not alike or similar.

Priming

A technique in psychology used to train or influence an individual's subconscious mind by exposing them to a particular stimulus prior to another task, affecting their response to it.

Behavior Research

The study of actions and reactions of individuals and groups in various contexts, typically to understand the underlying mechanisms of behavior.