Question: Three Steps Involved in Statistically Forecasting a Time Series are :- 1) Use the parameter values and the model and to forecast the future demands.

Three Steps Involved in Statistically Forecasting a Time Series are :- 1) Use the parameter values and the model and to forecast the future demands. 2) Select an appropriate underlying model of the demand pattern through time. 3) Select the values for the parameters inherent in the model. arrange them in order

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