A Moving Average Forecast Tends to Be More Responsive to Changes

question 115

True/False

A moving average forecast tends to be more responsive to changes in the data series when more data points are included in the average.

---

Definitions:

Positively Skewed

A distribution characterized by a long tail to the right side, indicating that a majority of the data points are concentrated to the left of the mean.

Skewed

Describes a distribution that is asymmetrical, where data points cluster more on one side than the other, often leading to a longer tail on one side of the peak.

Mean

To find the average value of a group of numbers, one adds together all the numbers and divides by how many numbers there are.

Skewed

Describes a distribution of data that is asymmetrical, where a tail of the distribution is longer or fatter on one side than on the other.