Which of the Following Statements Is True About Quantitative Methods

question 16

Multiple Choice

Which of the following statements is true about quantitative methods?

• A)They are appropriate for demand forecasting if there are causal relationships between explanatory variables.
• B)They cannot be used for short or medium-to-intermediate timeframes.
• C)They are used if measurable,historical data are not available.
• D)They are inappropriate for demand forecasting if there are causal relationships between explanatory variables.

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Definitions:

Compounded Semi-annually

Compounded semi-annually refers to the calculation of interest where the principal amount is credited with interest twice a year.

Amortization Period

The total time period over which a loan or mortgage is scheduled to be paid off through regular payments.

Compounded Semi-annually

A method of calculating interest where the earned interest is added to the principal every six months, allowing interest to be earned on the previously earned interest.

Lump Payment

A single, large payment made at once, instead of breaking it into smaller installments.