10. Which statement is correct about forecasting? 1. There are only two basic pa

Question

10. Which statement is correct about forecasting? 1. There are only two basic patterns of a demand time series: horizontal and trend. 2. There are only three basic patterns of a demand time series: horizontal, trend and 3. There are only four basic patterns of a demand time series: horizontal, trend, seasonal and 4. There are only five basic patterns of a demand time series: horizontal, trend, seasonal, 5. There are only six basic patterns of a demand time series: horizontal, trend, seasonal seasonal. cyclical cyclical and random. cyclical, random and vertical.

Explanation / Answer

4. The are 5 basic patterns of demand time series they are horizintal, trend , seasonal, cyclical and random

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