The Moving Averages Method Refers to a Forecasting Method That

question 53

Multiple Choice

The moving averages method refers to a forecasting method that:

• A) moves up the average of every subsequent forecast by one.
• B) uses regression relationship based on past time series values to predict the future time series values.
• C) relates a time series to other variables that are believed to explain or cause its behavior.
• D) uses the average of the most recent data values in the time series as the forecast for the next perioD)

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Definitions:

Actor

An individual, group, or entity that takes action or plays a role in a particular context or situation.

Unskilled

Lacking professional skills or expertise in a particular field or activity.

Dramatically

In a manner that is strikingly impressive or sudden, often involving significant change or effect.

Organizational

Pertaining to the structure and function of organizations, including their strategies, cultures, and processes that influence performance and operations.