The process of isolating linear trend and seasonal factors to develop more accurate forecasts is called
A)regression.
B)decomposition.
C)smoothing.
D)monitoring.
E)None of the above

Question

Quizplus · Accepted Answer

The process of isolating linear trend and seasonal factors to develop more accurate forecasts is called decomposition. Regression is a statistical analysis technique used to establish a relationship between two or more variables. Smoothing is a technique used to remove short-term fluctuations from data to better understand long-term trends. Monitoring is the process of observing and documenting changes in a system over time.

The Process of Isolating Linear Trend and Seasonal Factors to Develop