Which TWO of the following statements are true for obtaining a reliable forecast from a...

CIMA P1 Question Answer

Which TWO of the following statements are true for obtaining a reliable forecast from a time series?

There must be an increasing trend.

The past trend must continue in the future.

The past pattern of seasonal variations must continue in the future.

Extrapolation of the trend must be avoided.

There must be a decreasing trend.

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