Which One of the Following Time Series Forecasting Methods Will

question 133

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) trend- adjusted exponential smoothing method
• D) exponential smoothing method

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Definitions:

Derived Demand

The demand for one good or service that occurs as a result of the demand for another good or service, often because the goods are related as inputs to the production of another good or service.

Auto Workers

Individuals employed in the automobile industry, typically involved in the manufacturing, assembly, or design of vehicles.

Demand for Automobiles

The consumer desire to purchase cars, influenced by factors like income, price, and personal preferences.

Wage Rate

The standard amount of compensation given to employees for performing certain tasks, usually expressed per hour or year.