All of the Following Are True About Time Series Methods

question 9

Multiple Choice

All of the following are true about time series methods EXCEPT

• A)they discover a pattern in historical data and project it into the future.
• B)they involve the use of expert judgment to develop forecasts.
• C)they assume that the pattern of the past will continue into the future.
• D)their forecasts are based solely on past values of the variable or past forecast errors.

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