Moving Average Forecasting Techniques Do the Following

question 151

Multiple Choice

Moving average forecasting techniques do the following:

• A) immediately reflect changing patterns in the data
• B) lead changes in the data
• C) smooth variations in the data
• D) operate independently of recent data
• E) assist when organizations are relocating

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Definitions:

Mass Customization

A production and marketing technique that combines the flexibility and personalization of custom-made products with the low unit costs of mass production.

Repetitive Focus

involves a production strategy concentrated on producing high volumes of a few standardized products or services, often characterized by a continuous production flow.