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Question
Choose the correct alternative :
Time-series analysis is based on the assumption that _______.
Options
random error terms are normally distributed.
the variable to be forecast and other independent variables are correlated.
past patterns in the variable to be forecast will continue unchanged into the future.
the data do not exhibit a trend.
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Solution
Time-series analysis is based on the assumption that past patterns in the variable to be forecast will continue unchanged into the future.
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