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

question 105

Multiple Choice

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

• A) It is 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:

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The internal and external factors that stimulate workers to take actions that lead to achieving personal and organizational goals.

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The amount of physical or mental energy put into a task or activity to achieve a particular outcome.

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