Which One of the Following Time Series Forecasting Methods Will

question 66

Multiple Choice

Which one of the following time series forecasting methods will generate the most accurate forecasts when demands have a consistent trend pattern?

• A) simple moving average method
• B) weighted moving average method
• C) exponential smoothing method
• D) trend-adjusted exponential smoothing method

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Definitions:

Total Productivity

The overall effectiveness and efficiency of an entity in generating outputs from a set of inputs over a specific period of time.

Wage Rate

The fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee.

Union Labor

Labor unions are organized groups of workers who unite to make decisions about the conditions of their work.

Elastic Demand

Describes a situation where the quantity demanded of a product changes significantly in response to changes in its price.