The forecasting model that assumes previous time periods have some influence on future sales,but the influence varies by time period is
A)exponential smoothing.
B)historical analogy.
C)moving average.
D)weighted moving average.
E)mean absolute deviation.

Question

Quizplus · Accepted Answer

Weighted moving average assigns different weights to different time periods based on their perceived importance or influence. This allows for flexibility in capturing the varying influences of past time periods on future sales. Exponential smoothing also considers previous time periods, but it does not vary the influence by time period. Historical analogy involves comparing current sales to similar past sales periods, while moving average and mean absolute deviation use a fixed number of past time periods to calculate the forecast.

The Forecasting Model That Assumes Previous Time Periods Have Some