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:

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over competing ones due to a perceived superiority or emotional attachment.

Consumer Product

Goods or services that are purchased by individuals for personal use.

Specialty Product

Products that are highly differentiated and unique, and for which consumers will make a special effort to seek out and purchase.

Brand Status

The perceived prestige and position of a brand in the minds of consumers, often associated with quality, luxury, or exclusivity.