In most cases, demand for products or services can be broken down into several components. Which of the following is not considered a component of demand?
A) Average demand for a period
B) A trend
C) Seasonal elements
D) Past data
E) Autocorrelation

Question

Quizplus · Accepted Answer

Past data is not considered a component of demand, as it simply refers to historical information and does not have a direct impact on current or future demand. The other options (average demand, trends, seasonal elements, and autocorrelation) are all factors that can influence demand for a product or service.

In Most Cases, Demand for Products or Services Can Be