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

question 18

Multiple Choice

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

• A)The basic strategy of time-series forecasting is to identify the magnitude and form of each component based on available past data.
• B)Time-series methods are used to make detailed analyses of past demand patterns over time and to project these patterns forward into the future.
• C)Under time-series methods,demand can be divided into components such as average level,trend,seasonality,cycle and error.
• D)Time-series methods are useful for long-range forecasts.
• E)a,b,and c

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Definitions:

African Sculpture

African sculpture encompasses the diverse artistic traditions of the African continent, characterized by wood carvings, bronze and stone sculptures, masks, and figures, often serving both aesthetic and ceremonial functions.

Nok

An ancient civilization in West Africa known for its early ironworking technology and distinctive terracotta sculptures that date to around 1500 BC to AD 200.

Sapi

A term referring to the Sapi-Portuguese ivories, sculptural artworks created in Sierra Leone during the 15th and 16th centuries combining African and Portuguese influences.

Saltcellars

Decorative containers used for holding and dispensing salt, often crafted from materials like silver, glass, or ceramics, and can be highly ornamental.