I a Time Series Is a Collection of Data Recorded

question 27

Multiple Choice

i. A time series is a collection of data recorded over a period of time, usually monthly, quarterly, or yearly. ii. Long-term forecasts are usually from one year to more than 10 years into the future.
iii. A forecast is considered necessary in order to have the raw materials, production facilities, and staff available to meet estimated future demands.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Ancestor

A person, plant, animal, or object from whom one is descended, typically one more remote than a grandparent, such as a great-grandparent or beyond.

Synapomorphies

Shared derived characteristics or traits that are used to group organisms together, indicating common ancestry.

Dolphins

Intelligent aquatic mammals known for their complex behaviors and communication skills, belonging to the family Delphinidae.

Mammals

Warm-blooded vertebrates characterized by the presence of mammary glands which produce milk for feeding their young, and typically possessing hair or fur.