Question: Question 5 : Weighted Moving Average vs . Simple Moving Average 4 points The weighted moving average forecasting model uses a weighting scheme to modify

Question

5

: Weighted Moving Average vs

.

Simple Moving Average

4

points

The weighted moving average forecasting model uses a weighting scheme to modify the effects of individual data points. This is its major advantage over the simple moving average model.

Please answer 'True' or 'False'.

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