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

question 14

Multiple Choice

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

• A)The basic strategy is to identify the magnitude and form of each component based on available past data.
• B)It is used to make detailed analyses of past demand patterns over time and to project these patterns forward into the future.
• C)Demand can be divided into components such as average level,trend,seasonality,cycle and error.
• D)All of the above