In Order to Increase the Responsiveness of a Forecast Made

question 3

Multiple Choice

In order to increase the responsiveness of a forecast made using the moving average technique, the number of data points in the average should be:

• A)decreased.
• B)increased.
• C)multiplied by a larger alpha.
• D)multiplied by a smaller alpha.
• E)eliminated if the MAD is greater than the MSE.

---

Definitions:

Self-Serving Bias

The tendency to attribute one’s successes to internal causes and one’s failures to external causes.

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology and contributed significantly to the understanding of the human psyche.

Extraversion/Introversion

Personality traits indicating the extent to which individuals are outgoing and social or reserved and solitary.

Perception

The process of organizing, interpreting, and making sense of sensory information.