When Using the Exponentially Weighted Moving Average for Purposes of Forecasting

question 120

Multiple Choice

When using the exponentially weighted moving average for purposes of forecasting rather than smoothing,

• A)the previous smoothed value becomes the forecast.
• B)the current smoothed value becomes the forecast.
• C)the next smoothed value becomes the forecast.
• D)None of the above.

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Definitions:

Variables

Elements, traits, or conditions that can change or vary within an experiment or dataset.

Descriptive Statistics

Descriptive statistics consist of methods for summarizing and organizing data, such as measures of central tendency and variability, to describe its main features.

Inferential Statistics

The branch of statistics that focuses on drawing conclusions about a population based on a sample taken from it, usually through hypothesis testing or estimation.

Example

An instance or case that is representative of a concept or demonstrates a particular situation or principle.