Which of the Following Methods Is Appropriate for Forecasting a Time

question 18

Multiple Choice

Which of the following methods is appropriate for forecasting a time series when the trend,cyclical,and seasonal components of the series are not significant?

• A)Moving averages
• B)Exponential smoothing
• C)Mean absolute deviation
• D)Seasonal indexes

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Definitions:

Markov Models

A statistical model used to model randomly changing systems where it is assumed that future states depend only on the current state and not on the sequence of events that preceded it.

Transitional Probabilities

The likelihood of moving from one state or condition to another, often used in the context of labor markets, health statuses, or economic conditions.

Promotion

An employee's upward advancement in the hierarchy of an organization.

Vacancy Model

A framework used for understanding or predicting employment vacancies within an organization, focusing on the causes and durations of vacancies and strategies for filling them.