Which of the following statements concerning moving average forecasts is true?

		longer-period moving averages react more slowly to recent demand changes than shorter-period moving averages
		longer-period moving averages react faster to recent demand changes than shorter-period moving averages
		shorter-period moving averages are less susceptible to simple random variations
		moving averages react quickly to seasonal patterns

Transcribed Image Text:

A _____________ is an up-and-down movement in demand that repeats itself over a lengthy time period of more than a year. seasonal pattern random variation cycle trend A _____________ is an up-and-down movement in demand that repeats itself over a lengthy time period of more than a year. seasonal pattern random variation cycle trend

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