In Order to Increase the Responsiveness of a Forecast Made

question 3

Multiple Choice

In order to increase the responsiveness of a forecast made using the moving average technique, the number of data points in the average should be:

• A)decreased.
• B)increased.
• C)multiplied by a larger alpha.
• D)multiplied by a smaller alpha.
• E)eliminated if the MAD is greater than the MSE.

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Definitions:

Global Sourcing

The practice of sourcing goods and services from the global market to take advantage of global efficiencies, such as lower cost or higher quality.

Dependable Service

A reliable and trustworthy service that consistently meets its promised criteria and customer expectations.

Near Shoring

The practice of transferring a company's business or production processes to neighboring or nearby countries to reduce costs and improve logistics.

Disintermediation

Eliminating intermediaries in a supply chain, allowing direct transactions between buyers and producers.