A Way to Make Forecasts More Responsive to the Most

question 6

Multiple Choice

A way to make forecasts more responsive to the most recent actual occurrences is to use

• A)exponential smoothing with alpha being very small.
• B)moving averages for trends.
• C)weighted moving averages.
• D)the Delphi method.

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Definitions:

P(A ∪ B)

The probability that at least one of two events A or B occurs.

Independent Events

Two or more events whose outcomes do not affect each other.

P(A ∪ B)

Represents the probability of the occurrence of at least one of two events A or B.

Mutually Exclusive

Two events that cannot occur at the same time, meaning the occurrence of one event precludes the other.