Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements about time - series forecasting is true? A . It makes extensive use of the data collected in the qualitative

Which of the following statements about time-series forecasting is true?
A. It makes extensive use of the data collected in the qualitative approach.
B. It is always based on the assumption that future demand will be the same as past demand.
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.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Management Concepts

Authors: Frank Rothaermel

2nd edition

77645065, 1259384071, 9780077645069, 978-1259384073

More Books

Students also viewed these General Management questions