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 blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!