The forecasting method that uses a judgment factor to weigh the most recent data is ________.
A)regression
B)exponential smoothing
C)moving average
D)intuition

Question

Quizplus · Accepted Answer

Exponential smoothing is a forecasting method that uses a judgment factor to weigh the most recent data. This method assigns more weight to the more recent data, and therefore reacts more quickly to changes in demand patterns than other methods like moving average or regression. Intuition is not a forecasting method, but rather a subjective approach to decision making.

The Forecasting Method That Uses a Judgment Factor to Weigh