The time series pattern that reflects repeating variability within a single year is called the _____.
a. trend pattern
b. seasonal pattern
c. trend and seasonal pattern
d. cyclical pattern
Question 2
A simulation model used in situations where the state of the system at one point in time does not affect the state of the system at future points in time is called a
a. dynamic simulation model.
b. static simulation model.
c. steady-state simulation model.
d. discrete-event simulation model.