Explain Why Such Forecasting Devices as Moving Averages, Weighted Averages

question 22

Essay

Explain why such forecasting devices as moving averages, weighted averages, and exponential smoothing are not well suited for data series with trends.

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Definitions:

Sales Taxes

Taxes imposed by government authorities on the sale of goods and services, collected by the seller from the consumer at the point of sale.

Factory Equipment

Durable assets used in the manufacturing process to produce goods, includes machinery and tools.

Costs To Survey

Expenses associated with conducting a survey, including fieldwork, data collection, analysis, and reporting.

Business Location

Refers to the physical or virtual place where a company conducts its operations or business activities.