The forecasting technique that works best for short planning horizons is _____.
A) regression
B) moving average
C) mean absolute percentage error (MAPE)
D) Delphi

Question

Quizplus · Accepted Answer

Moving average is a forecasting technique that is ideal for short planning horizons as it is easy to compute and provides accurate results when there is a trend in the data. This technique calculates the average of a fixed number of previous observations to predict the next value in the series.

The Forecasting Technique That Works Best for Short Planning Horizons