In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand?
A) Forecast error
B) Autocorrelation
C) Previous demand
D) Consistent demand
E) Repeat demand

Question

Quizplus · Accepted Answer

Autocorrelation is a component of demand as it refers to the correlation of a time series with its own past and future values, indicating patterns or trends in demand data.

In Most Cases, Demand for Products or Services Can Be