Question: Answer the following questions about forecast methods. 1. Nave Define the Naive method When is it necessary to use it? 2. Simple Moving Average. Define

Answer the following questions about forecast methods.

1. Nave

Define the Naive method

When is it necessary to use it?

2. Simple Moving Average.

Define Simple Moving Average.

What is the difference between 3 - Simple Moving Average, and a 4 - Simple Moving Average?

3. Period Moving Average

Define Period Moving Average method.

What is the difference between 3 - Period Moving Average, and a 4 - Period Moving Average?

When should each of them be used?

4. Weighted Moving Average

Define Weighted Moving Average method.

What is the use of using the weighted?

Do you think that using the weighted is subjective?

5. Exponential Smoothing.

Define Exponential Smoothing

What is the use of using ?

Do you consider that is a subjective value?

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