Asked by Megan Campbell on Jul 17, 2024
Verified
The additive form of the systematic component of demand is shown as
A) level × trend × seasonal factor.
B) level + trend + seasonal factor.
C) (level + trend) × seasonal factor.
D) level × (trend + seasonal factor) .
Additive Form
A mathematical or statistical model where the components or factors are combined through addition to predict or estimate outcomes.
Systematic Component
The part of a process or model that can be directly explained by variables within the system, leading to predictable outcomes.
Seasonal Factor
Variations in demand, supply, or other business indicators that occur at specific times of the year.
- Acquire the knowledge of applying forecasting tools like moving averages and exponential smoothing in actual conditions.
Verified Answer
Learning Objectives
- Acquire the knowledge of applying forecasting tools like moving averages and exponential smoothing in actual conditions.
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