Which Time-Series Model Uses Past Forecasts and Past Demand Data

question 4

Multiple Choice

Which time-series model uses past forecasts and past demand data to generate a new forecast?

• A) naive
• B) moving average
• C) weighted moving average
• D) exponential smoothing
• E) regression analysis

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Definitions:

Product Quality

The attributes and characteristics of a product that determine its ability to satisfy customer needs and demands.

Property Crime

Crimes involving the theft of property or money without the use of force against the victim.

Legitimate Earnings

Legitimate earnings refer to income received from lawful and ethical business activities, operations, or professions, as opposed to profits derived from illicit or unethical activities.

Indifference Curve

A curve showing the different combinations of two products that yield the same satisfaction or utility to a consumer.