To fully understand time-series models of forecasting, you must appreciate why a variable is changing over time. Create a business scenario that (1) lays out the quantitative dimension of the problem and (2) may be used as your basis to explain time-series decomposition, highlighting the reason for the impact of change on your variable of choice.

Answer rating: 100% (QA)

Lets consider a business scenario in the context of retail sales forecasting for a company that sells electronic gadgets The variable of interest is t... View the full answer