When performing forecasting using statistics and built-in functions, what role do these functions play?

When performing forecasting using statistics and built-in functions, what role do these functions play?
A . They solely aid in data visualization without impacting the forecasting process.
B . They restrict forecasting to predefined models without flexibility.
C . They enable the creation of custom forecasting models as needed.
D . These functions only apply to limited data types for forecasting.

View Answer

Answer: C

Explanation:

Built-in functions in statistics facilitate the creation of custom forecasting models, allowing flexibility in the forecasting process.