If Brandon Edward Were Working to Develop a Forecast Using

question 102

Multiple Choice

If Brandon Edward were working to develop a forecast using a moving averages approach, but he noticed a detectable trend in the historical data, he should:

• A) use weights to place more emphasis on recent data.
• B) use weights to minimize the importance of the trend.
• C) change to an associative multiple regression approach.
• D) use a simple moving average.
• E) change to a qualitative approach.

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Definitions:

Low Cost Reductions

Low cost reductions refer to strategies or measures implemented to decrease the expenses involved in operating a business, production, or delivering services without compromising quality.

Operations Strategies

Plans and policies developed to achieve efficient manufacturing, service delivery, and overall operational performance.

Operations Manager

Someone whose job is to guide, plan, and monitor the production process and modify organizational practices in the creation of goods or services.