Which one of the following statements about the patterns of a demand series is FALSE?
A) The five basic patterns of most business demand series are the horizontal, trend, seasonal, cyclical, and random patterns.
B) Estimating cyclical movement is difficult. Forecasters do not know the duration of the cycle because they cannot predict the events that cause it.
C) The trend, over an extended period of time, always increases the average level of the series.
D) Every demand series has at least two components: horizontal and random.
C
You might also like to view...
Most manufacturing items and their components are defined by
A. an engineering drawing. B. a BOM. C. group technology. D. the make-or-buy decision.
According to the text, the knowledge component of an effective trainer's KSAs is comprised of all BUT which of the following?
A) High level of self efficacy B) Organization C) Adult learning process D) Instructional methods E) Subject matter