Question: 8) The term for a forecasting technique that uses an average of a certain number of observations, with each new observation added and the oldest
8) The term for a forecasting technique that uses an average of a certain number of observations, with each new observation added and the oldest observation dropped, is (1) A) moving average. b) Seasonality. cytrend. D) exponential smoothing. 9) A new thermostat that learns the preferences of its owners is consistently growing in demand month after month. Which of the following forecasting methods would the company most likely use? (1) A) Qualitative B) Trend o Exponential d) Seasonality 10) What is the difference between qualitative method and quantitative method in forecasting? (4)
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