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:

Parent

A caretaker of offspring in their own species; also involves the guidance, care, and emotional support of a child.

Worker

An individual engaged in a specific activity or employment, especially for wage or salary.

Benefits

Advantages or positive outcomes that can result from certain actions, policies, or circumstances.

Equality

The state of being equal, especially in status, rights, or opportunities.