Exponential smoothing and weighted moving average are examples of ______.
A)causal methods
B)qualitative methods
C)time series analysis
D)simulation methods

Question

Quizplus · Accepted Answer

Exponential smoothing and weighted moving average are both techniques used in time series analysis, which involves analyzing data collected over time to identify patterns and make predictions about future values. Time series analysis is commonly used in fields such as economics, finance, and operations management. Causal methods involve analyzing the relationship between variables and determining cause-and-effect relationships, and qualitative methods involve using subjective judgement and expert opinions to make predictions. Simulation methods involve creating computer models to simulate real-world scenarios.

Exponential Smoothing and Weighted Moving Average Are Examples of ______