The forecasting method that is appropriate when the time series has no significant trend, cyclical, or seasonal effect is _____.
A) moving averages
B) mean squared error
C) mean average deviation
D) the qualitative forecasting method

Question

Quizplus · Accepted Answer

Moving averages are used to smooth out short-term fluctuations and highlight longer-term trends or cycles, making it suitable for time series data that does not exhibit significant trends, cyclical, or seasonal effects.

The Forecasting Method That Is Appropriate When the Time Series