Future trend values can be estimated with the help of ------------.
2 points
Moving Averages
Straight line trend
Both A & B
None of these
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1
Answer:
A. Moving averages
Step-by-step explanation:
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Straight line trend
The forecaster can use this knowledge to forecast where those features will be at some point in the future . It may help you understand how your business has fared in the past and forecast where your current operations and practices will lead you in the future. The following are the many ways to fit a perfect line to a time - series data: I Free hand method. (ii) The semi-averages approach. (iii) The moving averages method. (iv) The least squares approach.
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