Which of the Following Forecasting Methods Tends to Lag Behind

question 59

Multiple Choice

Which of the following forecasting methods tends to lag behind actual sales when there is a strong trend?

• A) naïve forecast
• B) unit rate of change
• C) moving average
• D) both a and b are correct
• E) both a and c are correct

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Definitions:

Parol Evidence Rule

A rule in contract law that prevents parties from presenting extrinsic evidence of prior or contemporaneous agreements to alter or contradict the terms of a written contract.

Standardized Form Contracts

Contracts that are preprinted and contain set terms and conditions for all parties, typically not negotiable.

Pre-Contract Statements

Statements made by parties involved before a contract is finalized, which may influence the agreement or understanding of the contract.

Consideration

In contract law, the benefit or value that each party agrees to exchange as part of a contractual agreement, which is a requirement for a valid contract.