I Long-Term Forecasts Are Usually from One Year to More

Multiple Choice

i. Long-term forecasts are usually from one year to more than 10 years into the future.
ii. A forecast is considered necessary in order to have the raw materials, production facilities, and
Staff available to meet estimated future demands.
iii. One component of a time series is the secular trend that is the smooth movement of a series
Over a short period of time, such as a few months or quarters.

A) (i) , (ii) , and (iii) are all correct statements.
B) (i) and (ii) are correct statements but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) (i) , (ii) , and (iii) are all false statements.