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  1. Topics
  2. Business
  3. An Introduction to Management Science Quantitative Approach
  4. Quiz 15: Time Series Analysis and Forecasting

We Can Model a Time Series with a Seasonal Pattern

Question 29
Multiple Choice

We can model a time series with a seasonal pattern by treating the season itself as a(n) A)categorical variable. B)qualitative variable. C)annual variable D)None of these are correct.

Related questions
Q 30
One measure of the accuracy of a forecasting model is the A)smoothing constant. B)linear trend. C)mean absolute error. D)seasonal index.
Q 31
Using a naive forecasting method,the forecast for next week's sales volume equals A)the most recent week's sales volume. B)the most recent week's forecast. C)the average of the last four weeks' sales volumes. D)next week's production volume.
Q 32
All of the following are true about a cyclical pattern EXCEPT A)it is often due to multiyear business cycles. B)it is often combined with long-term trend patterns and called trend-cycle patterns. C)it usually is easier to forecast than a seasonal pattern due to less variability. D)it is an alternating sequence of data points above and below the trend line.
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