Question: Question 1: Time Series 4 points Time series forecasting models make predictions about the future based on analysis of past data. Please answer 'True' or

Question 1: Time Series 4 points Time series

Question 1: Time Series 4 points Time series forecasting models make predictions about the future based on analysis of past data. Please answer 'True' or 'False'. Locally stored answer: Question 2: Trend Lines 4 points Trend lines are usually the last things considered when developing a forecast. Please answer 'True' or 'False'. Locally stored answer: Question 3: Simple Moving Average and Trend 5 points In a forecasting model using simple moving average the shorter the time span used for calculating the moving average, the closer the average follows volatile trends. Please answer 'True' or 'False'. Locally stored answer: Question 4: Simple Moving Average 5 points A company wants to forecast demand using the simple moving average. If the company uses four prior yearly sales values (i.e., year 2017 = 149, year 2018 = 93, year 2019 = 118, and year 2020 = 146), what is the 4-year simple moving average forecast for year 2021? Please keep two decimals. Locally stored

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