Question: 1. Explain why such forecasting devices as moving averages, weighted moving averages, and exponential smoothing are not well suited for data series that have trends.

1. Explain why such forecasting devices as moving averages, weighted moving averages, and exponential smoothing are not well suited for data series that have trends. 2. What is the basic difference between a weighted moving average and exponential smoothing? 2. What three methods are used to determine the accuracy of any given forecasting method? 2. What is the basic difference between a weighted moving average and exponential smoothing? 3. What three methods are used to determine the accuracy of any given forecasting method

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Explain why such forecasting devices as moving averages, weighted moving averages, and exponential smoothing are not well suited for data series that have trends

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