Question: How does the weighted moving average forecast differ from the simple moving average forecast? How does the weighted moving average forecast differ from the simple
How does the weighted moving average forecast differ from the simple moving average forecast?
How does the weighted moving average forecast differ from the simple moving average forecast?
It uses a fixed period for all products regardless of their nature.
It eliminates the need for historical data in forecasting.
It uses a larger dataset for more accurate forecasting.
It is less accurate for products with fluctuating demand.
It assigns different weights to different time periods.
It considers only the most recent demand data.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
