_____ are the basic pallet for the development of forecasting models.
A)Cycles
B)Trends
C)Steps
D)all of the above

Question

Quizplus · Accepted Answer

All three components, cycles, trends, and steps, provide the foundation for the development of forecasting models. Cycles represent repeating patterns, trends show the direction and magnitude of change over time, and steps identify sudden changes or shifts in the data. Therefore, incorporating all three components into a forecasting model can lead to a more accurate prediction of future trends.

_____ Are the Basic Pallet for the Development of Forecasting