With respect to time-series methods,the systematic component measures the expected value of demand and does NOT consist of
A) level.
B) trend.
C) seasonality.
D) random component.

Question

Quizplus · Accepted Answer

The systematic component of time-series methods consists of the level, trend, and seasonality, which are predictable patterns in demand. The random component, on the other hand, represents the unpredictable and irregular fluctuations in demand that cannot be explained by the systematic components. Therefore, option D, which refers to the random component, is the correct choice.

With Respect to Time-Series Methods,the Systematic Component Measures the Expected