Question
All of the following are true about time series methodsexcept A) They discover a pattern in historical data and project itinto the future. B) Their
All of the following are true about time series methodsexcept
A) They discover a pattern in historical data and project itinto the future.
B) Their forecasts are based solely on past values of thevariable or past forecast errors.
C) They involve the use of expert judgment to developforecasts.
D) They assume that the pattern of the past will continue intothe future.
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Cost Management Measuring Monitoring And Motivating Performance
Authors: Leslie G. Eldenburg, Susan K. Wolcott
2nd Edition
978-0-470-7694, 0470769424, 978-0470769423
