Which of the Following Forecasting Methods Puts the Least Weight

question 6

Multiple Choice

Which of the following forecasting methods puts the least weight on the most recent time series value?

• A) exponential smoothing with α = .3
• B) exponential smoothing with α = .2
• C) moving average using the most recent four periods
• D) moving average using the most recent three periods

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Definitions:

Ventura County

A region located in the southern part of California, known for its agriculture, suburban lifestyle, and as part of the Greater Los Angeles area.

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Fundamental ideas or principles that form the basis of economic theory and practice, such as supply and demand.

Trade-off

The compromise between two desirable but mutually exclusive outcomes in decision-making.