Question: If the forecast based on the data series below turned out to be 20.0 for the month of September, then which forecasting method was used?
If the forecast based on the data series below turned out to be 20.0 for the month of September, then which forecasting method was used?
| January | February | March | April | May | June | July | August |
| 18 | 21 | 20 | 22 | 21 | 20 | 21 | 18 |
A. Moving average (n = 4)
B. Moving average (n = 3)
C. Averaging
D. Moving average (n = 2)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
