45. Seasonal relatives can be used to de-seasonalize data or incorporate seasonality in a forecast.

TRUE
Seasonal relatives are used to de-seasonalize data to forecast future values of the underlying
trend, and they are also used to re-seasonalize de-seasonalized forecasts.
46. The best forecast is not necessarily the most accurate.
TRUE
More accuracy often comes at too high a cost to be worthwhile.
47. A proactive approach to forecasting views forecasts as probable descriptions of future
demand, and requires action to be taken to meet that demand. http://www.vuzs.net
FALSE
Proactive approaches involve taking action to influence demand.
48. Simple linear regression applies to linear relationships with no more than three independent
variables.
FALSE
Simple linear regression involves only one independent variable.
49. An important goal of forecasting is to minimize the average forecast error.
FALSE
Regardless of the model chosen, so long as there is no fundamental bias average forecast error
will be zero.
50. Forecasting techniques such as moving averages, exponential smoothing, and the naive
approach all represent smoothed (averaged) values of time series data.
FALSE
The nave approach involves no smoothing.