1. In most cases, demand for products or services can be broken into several components. Which of the following is not considered a component of demand?
A. Average demand for a period
B. A trend
C. Seasonal elements
D. Past demand
E. Autocorrelation
2. Which of the following forecasting methodologies is considered a causal forecasting technique?
A. Exponential smoothing
B. Weighted moving average
C. Linear regression
D. Historical analogy
E. Market research