Suppose you run a shoe store and try to forecast demand for the coming week. Previously, you have been using average sales over the last three weeks as a forecast for the coming week. Now, a friend is telling you that you should reduce the horizon from three to two weeks. What will this do to your forecast?

choose all correct answers

Recent events will have more influence on the forecast.

It will be less biased.

It will lead to more shoes being sold.

It will be more responsive to changes in demand. It will be more stable.

None of the above.

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When your averaging process reduces from once a period of ... View the full answer