Which of the following statements about time-series forecasting is true? O A. It makes extensive use...

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Which of the following statements about time-series forecasting is true? O A. It makes extensive use of the data collected in the qualitative approach. B. Because it accounts for trends, cycles, and seasonal patterns, it is always more powerful than associative forecasting. C. It is based on the assumption that the analysis of past demand helps predict future demand. D. It is always based on the assumption that future demand will be the same as past demand. E. All of the above are true. Which of the following statements about time-series forecasting is true? O A. It makes extensive use of the data collected in the qualitative approach. B. Because it accounts for trends, cycles, and seasonal patterns, it is always more powerful than associative forecasting. C. It is based on the assumption that the analysis of past demand helps predict future demand. D. It is always based on the assumption that future demand will be the same as past demand. E. All of the above are true.

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Explanation Timeseries forecasting is based on the assumption that the analysis of past demand ... View the full answer