Why is it important for a manufacturer to know about any seasonal ...

[shofmannx20]

Why is it important for a manufacturer to know about any seasonal component to the time series of the sales of their product?

Question 2

Most time series contain the same four components Name two of them.

[jjorrostieta]

Answer to Question 1

IF THEY DON'T KNOW THIS INFORMATION, THEY MIGHT MISTAKE INCREASED SALES AS A LONG TERM TREND AND OVERPRODUCE THEIR PRODUCT, FOR EXAMPLE.

Answer to Question 2

ANY TWO OF THE FOLLOWING: 1) LONG-TERM TREND; 2) SEASONAL COMPONENTS; 3) IRREGULAR CYCLES; OR 4) RANDOM FLUCTUATIONS.

[shofmannx20]

TYSM

[mochi09]

Thanks for the timely response, appreciate it