Answered: Time series forecasting maybe used to…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Time series forecasting maybe used to predict future values of a variable by:

A. A simple moving average

B. A weighted moving average

C. Exponential smoothing

D. All of the above

Expert Solution

Step 1: Concept of Time series forecasting

Time series forecasting involves the use of statistical model to predict future values based on previously observed values of a particular series or a group of particular series. It is one of the most important techniques used by modern day entrepreneurs as well as mathematicians alike

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