Time series decomposition method would not be used to forecast seasonal data.

Name: Time series decomposition method would not be used to forecast seasonal data.
Brand: Quizplus
Rating: 5.0 (34 reviews)

Question

Quizplus · Accepted Answer

Time series decomposition method is specifically used to separate a time series into its different components such as trend, seasonality, and random variation. It can be used to understand the seasonal patterns in the data and can help to forecast future seasonal variations. Therefore, it is commonly used to forecast seasonal data.

Time Series Decomposition Method Would Not Be Used to Forecast