The Forecasting Method That Is Appropriate When the Time Series

question 3

Multiple Choice

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

• A)moving average.
• B)mean squared error.
• C)mean average error.
• D)qualitative forecasting.

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Definitions:

Action Identification Theory

A theory that describes how people understand and perceive their actions; it looks at how individuals identify and frame their actions based on their motivations and goals.

Completing a Task

The act of finishing a specific activity or assignment that was begun.

More Concrete

Pertains to being specific, tangible, and detailed, often referring to ideas or concepts that are clearly defined and observable.

Initially Difficult

Describes tasks or challenges that appear hard or demanding at the outset but may become easier with effort and practice.