Forecasting momentum in the time series being forecast is observed to follow a course or direction that appears to be the result of an inherent force.

Question

Quizplus · Accepted Answer

Momentum in time series is often observed to follow a specific direction or trend, which is known as the trend component. This trend can be the outcome of inherent forces like economic or social factors, and it can help in predicting the future direction of the time series. Therefore, the statement is true, and the answer is A.

Forecasting Momentum in the Time Series Being Forecast Is Observed