The process of isolating linear trend and seasonal factors to develop more accurate forecasts is called
A)regression.
B)decomposition.
C)smoothing.
D)monitoring.

Question

Quizplus · Accepted Answer

The process of isolating linear trend and seasonal factors is known as decomposition, which involves breaking down a time series into its component parts in order to develop more accurate forecasts. Regression, smoothing, and monitoring are all related concepts, but they do not specifically refer to the process of decomposing a time series.

The Process of Isolating Linear Trend and Seasonal Factors to Develop