If Brandon Edward Were Working to Develop a Forecast Using

question 28

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 a naïve approach
• D) use a simple moving average
• E) change to a qualitative approach

---

Definitions:

Career

A long-term professional journey that an individual embarks on, which often includes changes in jobs, learning new skills, and progressing in job roles.

Job

Employment, typically a role performed by an individual in exchange for payment.

Money

A medium of exchange used to facilitate the sale, purchase, or trade of goods and services, acting as a unit of account, a store of value, and sometimes, a standard of deferred payment.

Career Interest

Personal preferences or inclinations towards specific professions or occupational areas.