For the weighted moving average forecasting method, the weights are determined
A) arbitrarily
B) by operations managers
C) by experience
D) all of the above

Question

Quizplus · Accepted Answer

The weights for the weighted moving average method are typically based on a combination of subjective factors such as experience and input from operations managers, as well as objective factors such as historical data trends. While the process of determining weights may involve some degree of subjective judgement, it is important to base them on a combination of relevant factors to ensure accuracy and effectiveness of the forecasting method.

For the Weighted Moving Average Forecasting Method, the Weights Are