Which of the following statements is not true?
A) In forecasting based on time series information,data from the past are used in predicting the future value of the variable of interest.
B) Extrapolation of a trend equation fitted to time series is one approach to time series forecasting.
C) Exponential smoothing is one approach to time series forecasting.
D) All of these statements are true.
E) All of these statements are not true.

Question

Quizplus · Accepted Answer

All the statements provided are true regarding time series forecasting. Time series forecasting indeed uses past data to predict future values, extrapolation of a trend equation is a common method, and exponential smoothing is another widely used approach.

Which of the Following Statements Is Not True