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Which one of the following statements about forecasting is FALSE? A. You should use the simple moving average method to estimate the mean demand of a time series that has a pronounced trend and seasonal influences. B. The weighted moving average method allows forecasters to emphasize recent demand over earlier demand. The forecast will be more responsive to change in the underlying average of the demand series. C. The most frequently used time-series forecasting method is exponential smoothing because of its simplicity and the small amount of data needed to support it. D. In exponential smoothing, higher values place greater weight on earlier demands in computing the average. E. When a significant trend exists, regression method may be effective. O A, B and E O A, D and E O A and D O C, D and E

Which one of the following statements about forecasting is FALSE? A. You should use the simple moving average method to estimate the mean demand of a time series that has a pronounced trend and seasonal influences. B. The weighted moving average method allows forecasters to emphasize recent demand over earlier demand. The forecast will be more responsive to change in the underlying average of the demand series. C. The most frequently used time-series forecasting method is exponential smoothing because of its simplicity and the small amount of data needed to support it. D. In exponential smoothing, higher values place greater weight on earlier demands in computing the average. E. When a significant trend exists, regression method may be effective. O A, B and E O A, D and E O A and D O C, D and E

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Which one of the following statements about forecasting is FALSE? A. You should use the simple moving average method to estimate the mean demand of a time series that has a pronounced trend and seasonal influences. B. The weighted moving average method allows forecasters to emphasize recent demand over earlier demand. The forecast will be more responsive to change in the underlying average of the demand series. C. The most frequently used time-series forecasting method is exponential smoothing because of its simplicity and the small amount of data needed to support it. D. In exponential smoothing, higher values place greater weight on earlier demands in computing the average. E. When a significant trend exists, regression method may be effective. O A, B and E O A, D and E O A and D O C, D and E
Transcribed Image Text:Which one of the following statements about forecasting is FALSE? A. You should use the simple moving average method to estimate the mean demand of a time series that has a pronounced trend and seasonal influences. B. The weighted moving average method allows forecasters to emphasize recent demand over earlier demand. The forecast will be more responsive to change in the underlying average of the demand series. C. The most frequently used time-series forecasting method is exponential smoothing because of its simplicity and the small amount of data needed to support it. D. In exponential smoothing, higher values place greater weight on earlier demands in computing the average. E. When a significant trend exists, regression method may be effective. O A, B and E O A, D and E O A and D O C, D and E
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