A forecasting technique takes recent class data for N number of periods, adds them together, and divides by the number N to produce a forecast is known as

Question

Quizplus · Accepted Answer

This technique is known as the Moving Average. It is a simple approach to forecasting that involves taking the average of recent data points over a given period of time. This technique is useful for smoothing out short-term fluctuations in data and identifying longer-term trends.

A Forecasting Technique Takes Recent Class Data for N Number