Question: How does the moving average technique determine a next-period forecast? a. By averaging a certain number of the most recent data to generate a forecast.
How does the moving average technique determine a next-period forecast?
| a. | By averaging a certain number of the most recent data to generate a forecast.
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| b. | By calculating a weighted average of n-period observations using varied weights.
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| c. | By identifying a causal variable, which is a predictor of demand, and using linear regression to identify the forecast equation.
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| d. |
By using the current periods forecast, adjusted by a weighted difference between the current periods actual data and the forecast. | |
| e. |
By assuming that the introduction and growth pattern of a new service will mimic the pattern of a similar concept for which data are available. |
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