Which of the Following Statements About Time-Series Forecasting Is True

question 117

Multiple Choice

Which of the following statements about time-series forecasting is true?

• A)It is always based on the assumption that future demand will be the same as past demand.
• B)It makes extensive use of the data collected in the qualitative approach.
• C)It is based on the assumption that the analysis of past demand helps predict future demand.
• D)Because it accounts for trends,cycles,and seasonal patterns,it is always more powerful than associative forecasting.
• E)All of the above are true.

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Definitions:

Anhedonia

A condition characterized by the inability to feel pleasure in normally pleasurable activities, often associated with depression and other psychiatric disorders.

Pleasure

Pleasure is a state of gratification or enjoyment that can arise from sensory experiences, emotional connections, or engaging activities.

Interest

A psychological state of engagement and curiosity towards certain subjects, objects, or activities, driving the motivation to learn or be involved.

Bipolar Disorder

A mental health condition characterized by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).