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     EduGorilla 
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    Directions: The question given below contain two statements, Statement (I) and Statement (II). Mark the correct choice according to the following instructions.

    Statement (I): In forecasting, the most essential thing is the characteristics of the components of time series.
    Statement (II): Time series demand is forecasted using simple exponential smoothing models and moving average methods, but they are preferably used for average demand processes.

    Options :-

    1. Both Statement (I) and Statement (II) are correct and Statement (II) is the correct explanation of Statement (I). 
    2. Both Statement (I) and Statement (II) are correct and Statement (II) is not the correct explanation of Statement (I). 
    3. Only Statement (I) is correct. 
    4. Only Statement (II) is correct. 
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Reply To: Directions: The question given below contain two statements, Statement (I) and Statement (II). Mark ….
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