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