To find a mathematical formula that will approximately generate the historical demand patterns in a time series is the goal of:
Answer(s): A
The goal of method is to find one or more independent variables that are good predictors of the dependent variable.
Seasonality can be forecast using a multiplicative model to create a seasonal index.
Forecasters also estimate bias by using a , which is a ratio of the running sum of forecast errors to the cumulative Mean Absolute Deviation (MAD).
Answer(s): C
Post your Comments and Discuss Financial CPSM exam with other Community members:
Vicky commented on July 14, 2024 Very nice question designed for practice. Anonymous upvote
Our website is free, but we have to fight against bots and content theft. We're sorry for the inconvenience caused by these security measures. You can access the rest of the CPSM content, but please register or login to continue.