A moving average can be useful for forecasting but it introduces random fluctuations into the forecast that must be dealt with.
Correct Answer:
Verified
Q36: A good forecaster is one who develops
Q37: The standard error of the estimate of
Q38: Random errors in forecasting occur when an
Q39: In causal relationship forecasting, leading indicators are
Q40: Regression is a functional relationship between two
Q42: Exponential smoothing models are not very accurate.
Q43: The greater the ability of a forecasting
Q44: There is one type of seasonal variation.
Q45: With a simple moving average, the number
Q46: In time series data depicting demand, which
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents