Which one of the following statements about forecasting is FALSE?
A) Causal methods of forecasting use historical data on independent variables (promotional campaigns,competitors' actions,etc. ) to predict demand.
B) Three general types of forecasting techniques are used for demand forecasting: time-series analysis,causal methods,and judgment methods.
C) Time series express the relationship between the factor to be forecast and related factors such as promotional campaigns,economic conditions,and competitor actions.
D) A time series is a list of repeated observations of a phenomenon,such as demand,arranged in the order in which they actually occurred.
Correct Answer:
Verified
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