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

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Definitions:

Training Needs Analysis

The process of identifying and assessing the specific training requirements necessary to achieve organizational or job-specific competencies.

Organizational Analysis

An in-depth examination of an organization's structure, processes, and dynamics to identify opportunities for improvement and areas of strength.

Job Knowledge Analysis

The process of evaluating and detailing the specific knowledge required to perform a job, including tasks, skills, and understanding needed for successful execution.

Person Analysis

A process in human resources development identifying employees' skills, knowledge, and abilities to target training needs.