Wayne Rexburg is asked which of the models - moving average models,exponential smoothing models,and regression analyses - is most accurate? Wayne should reply:
A)Regression analyses because it uses the most sophisticated mathematical techniques to yield a sales forecast.
B)Exponential smoothing models because the forecaster can determine the degree to which a particular period can affect forecasted sales.
C)Moving average models because they give each period equal weight and are easy to compute.
D)Depending on the data and the objectives of the forecaster,any one of the techniques may provide the most accurate sales forecasts.

Question

Quizplus · Accepted Answer

The accuracy of a sales forecast technique depends on the nature of the data and the objectives of the forecaster. Therefore, depending on the situation, any one of the techniques - moving average models, exponential smoothing models, or regression analyses - may provide the most accurate sales forecast.

Wayne Rexburg Is Asked Which of the Models - Moving