Considerations in Forecasting Long-Term Demand Include

question 43

Multiple Choice

Considerations in forecasting long-term demand include:
I.identifying demand trends
II.duration of demand trends
III.amplitude of demand cycles

• A) I only
• B) II only
• C) III only
• D) I and II only
• E) I, II, and III

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Definitions:

Statistics Classes

Statistics classes are academic courses focused on teaching the principles, methods, and applications of statistical analysis.

Relative Frequency Distribution

A representation of the number of times each value occurs relative to the total number of observations.

Cumulative Frequency

The sum of frequencies accumulated up to a certain point in a distribution, showing the number or proportion of observations below a particular value.

Cumulative Relative Frequency

The accumulation of the previous relative frequencies up to a certain class or point, representing the proportion of observations.