The Forecasting Method That Is Appropriate When the Time Series

question 22

Multiple Choice

The forecasting method that is appropriate when the time series has no significant trend, cyclical, or seasonal effect is

• A)moving averages
• B)mean squared error
• C)mean average deviation
• D)qualitative forecasting methods

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Definitions:

Accountable

Being responsible or answerable for one's actions or decisions, often within a professional or organizational context.

Transitional Matrix

A chart that lists job categories held in one period and shows the proportion of employees in each of those job categories in a future period.

Job Categories

Classifications of employment based on similar duties, responsibilities, and the level of skill or education required.

Outsourcing

Contracting with another organization (vendor, third-party provider, or consultant) to provide services.