Question: Question1: Explain in three paragraphs why forecasting methods such as simple moving averages, weighted moving averages, and simple exponential smoothing are not well suited for

  • Question1: Explain in three paragraphs why forecasting methods such as simple moving averages, weighted moving averages, and simple exponential smoothing are not well suited for data series that have trends. NOTE: Data series means actual history of the data.
  • Question2: Explain in tone paragraph the value of seasonal indices in forecasting. How are seasonal patterns different from cyclical patterns?
  • Question3: Explain in two to three paragraphs the relationship between the use of a tracking signal and statistical control limits for forecast control. You should use some illustration (software drawn control chart) to make your case. This is in addition to the 2 to 3 paragraphs of explanations.

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