Time series analysis is based on the idea that data relating to past demand can be used to predict future demand.

Name: Time series analysis is based on the idea that data relating to past demand can be used to predict future demand.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Time series analysis relies on studying patterns and trends in historical data to make predictions about future demand. By analyzing past demand data, businesses can better anticipate future demand and plan their operations accordingly.

Time Series Analysis Is Based on the Idea That Data