Question: Qualitative - Consider the components of demand (average demand, trend, seasonal, cyclical). Connect each of these terms with one of the following statements. Why does

Qualitative - Consider the components of demand (average demand, trend, seasonal, cyclical). Connect each of these terms with one of the following statements. Why does it match?

  1. Package volume at FedEx tends to follow the overall economy with periods of expansion and periods of decline.
  2. The growth in bread sales largely matches population growth at 2% per year.
  3. Over the past ten years, new home sales have a mean of 720,000 homes per year
  4. Childrens shoe sales are highest in the spring around Easter.

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