Which time-series model uses BOTH past forecasts and past demand data to generate a new forecast?
A)naïve
B)moving average
C)weighted moving average
D)exponential smoothing
E)trend projection

Question

Quizplus · Accepted Answer

Exponential smoothing uses both past forecasts and past demand data to generate a new forecast. It puts more weight on recent demand data and less weight on older data, allowing it to quickly adapt to changes in the pattern of demand. Naïve, moving average, weighted moving average, and trend projection do not use past forecasts in generating a new forecast.

Which Time-Series Model Uses BOTH Past Forecasts and Past Demand