Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 4, Problem 6P
Summary Introduction

Interpretation:Identification of the issue involved when there is regular repetition of any pattern by itself along with constancy of length in time series analysis.

Concept Introduction:Time series analysis refers to future values prediction depending upon historical or previous time series data and assumes that future behavior of data is continuation of past data and there will be much influence of extraordinary information which results to changes in future behavior.

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A time series has four components. What are they?
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