Question: If Brandon Edward were working to develop a forecast using a moving averages approach, but he noticed a detectable trend in the historical data, he
If Brandon Edward were working to develop a forecast using a moving averages approach, but he noticed a detectable trend in the historical data, he should:
Select one:
a. use a simple moving average.
b. use weights to place more emphasis on recent data.
c. change to an associative multiple regression approach.
d. change to a qualitative approach.
e. use weights to minimize the importance of the trend.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
