A Large Automobile Parts Supplier Keeps Track of the Demand

question 2

Multiple Choice

A large automobile parts supplier keeps track of the demand for a particular part needed by its customers, automobile manufacturers. The time series plot below shows monthly demand for this part (in thousands) for a five-year period. The dominant component in this time series is

• A) cyclical
• B) irregular
• C) seasonal
• D) systematic
• E) No time series component is dominant.

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Definitions:

Analogy

A comparison between two things, typically for the purpose of explanation or clarification.

Intersectionality

A framework for understanding how aspects of a person's social and political identities combine to create different modes of discrimination and privilege.

Inequalities

Situations or conditions where resources, opportunities, and rights are unevenly distributed among individuals or groups.

Confrontation

A direct or hostile opposition or encounter between individuals or groups, often involving a challenge or conflict.