Although useful, the moving averages method of forecasting suffers from being complicated and cumbersome to use.

Question

Quizplus · Accepted Answer

The moving averages method is actually quite simple and straightforward to use. It involves calculating the average of a set of past data points to predict future values. However, it may not be appropriate for all types of data, such as data with seasonal patterns or rapidly changing trends.

Although Useful, the Moving Averages Method of Forecasting Suffers from Being