If Brandon Edward were working to develop a forecast using a moving averages approach, but he noticed a detectable trend in the historical data, he should:
A) use weights to place more emphasis on recent data.
B) use weights to minimize the importance of the trend.
C) change to an associative multiple regression approach.
D) use a simple moving average.
E) change to a qualitative approach.

Question

Quizplus · Accepted Answer

When there is a detectable trend in the historical data, it is important to use weights to place more emphasis on recent data in order to capture the trend and make a more accurate forecast. This can be achieved by using a weighted moving average approach.

If Brandon Edward Were Working to Develop a Forecast Using