Time series analysis is based on the assumption that
A. Random error terms are normally distributed
B. There are dependable correlations between the variable to be forecast and other independent variables
C. Past patterns in the variable to be forecast will continue unchanged into the future
D. The data do not exhibit a trend
Answer:C
Time series analysis is based on the assumption that
A. Random error terms are normally distributed B. There are dependable correlations between the variable to be forecast and other independent variables C. Past patterns in the variable to be forecast will continue unchanged into the future D. The data do not exhibit a trend