A(n) _________ Forecast Is Generated by Averaging the Most Recent

question 34

Multiple Choice

A(n) _________ forecast is generated by averaging the most recent p values in a time series.

• A)simple moving average
• B)weighted moving average
• C)regression
• D)exponential smoothing

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Definitions:

Six-sided Die

A common playing object used in games, featuring six faces numbered from 1 to 6.

Sample Space

Represents the set of all possible outcomes of a statistical experiment.

Tossed

Generally refers to the act of throwing something lightly or casually, but can also relate to generating random outcomes, such as flipping a coin.

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.