Which one of the following is not a component of demand? Group of answer choices Autocorrelation A trend Historical data Average demand Seasonal element
Question
Which one of the following is not a component of demand? Group of answer choices
Autocorrelation
A trend
Historical data
Average demand
Seasonal element
Solution
Autocorrelation is not a component of demand. The components of demand typically include aspects like a trend, historical data, average demand, and seasonal element. Autocorrelation, on the other hand, is a statistical property of a series (not necessarily demand) where the data points are related to each other.
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