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Which of the following is true about components of a linear forecast model? Cyclical refers to cycles such as economic or business cycles. A trend
Which of the following is true about components of a linear forecast model? Cyclical refers to cycles such as economic or business cycles. A trend can easily be determined in as little as 1 month. Error is the difference between forecasted results in one year versus forecasted results of another. Cyclical components have predicable cycles
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