Question: For a given preduct demand, the time - series trend equation is 5 3 - 4 x . The negative sign on the slope of
For a given preduct demand, the timeseries trend equation is The negative sign on the slope of the equation:
A Is an indication that product demand is declining
B implies that the ceefficient of determination will also be negative.
C implies that the comulative error will be negative.
D is an indication that the forecast is biased, with forecast valoes lower than actual values.
E is a mathematical impossibility.
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