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Which one of the following statements about the patterns of a demand series is false? Question 8 Select one: A . Every demand series has
Which one of the following statements about the patterns of a demand series is false?
Question Select one:
A
Every demand series has at least a random component.
B
The trend, over an extended period of time, always increases the average level of the series.
C
Estimating cyclical movement is difficult. Forecasters do not know the duration of the cycle because they cannot predict the events that cause it
D
The five basic patterns of most business demand series are the horizontal, trend, seasonal, cyclical, and random patterns.
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