Which of the following statements is/are true about time-series forecasting?
A. Time-series methods are useful for long-range forecasts.
B. Time-series methods are used to make detailed analyses of past demand patterns over time and to project these patterns forward into the future.
C. a, b, and c
D. Under time-series methods, demand can be divided into components such as average level, trend, seasonality, cycle and error.
E. The basic strategy of time-series forecasting is to identify the magnitude and form of each component based on available past data.
Answer: C. a, b, and c
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.