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Author Question: Why is it important for a manufacturer to know about any seasonal component to the time series of ... (Read 83 times)

shofmannx20

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on: Jul 24, 2018
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.


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jjorrostieta

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Reply #1 on: Jul 24, 2018
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

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Reply 2 on: Jul 24, 2018
YES! Correct, THANKS for helping me on my review

peter

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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