Which One of the Following Statements About Forecasting Is FALSE

question 120

Multiple Choice

Which one of the following statements about forecasting is FALSE?

• A)Causal methods of forecasting use historical data on independent variables (promotional campaigns,competitors' actions,etc. )to predict demand.
• B)Three general types of forecasting techniques are used for demand forecasting: time-series analysis,causal methods,and judgment methods.
• C)Time series express the relationship between the factor to be forecast and related factors such as promotional campaigns,economic conditions,and competitor actions.
• D)A time series is a list of repeated observations of a phenomenon,such as demand,arranged in the order in which they actually occurred.

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