Which of the Following Forecasting Methods Would Be Most Accurate

question 63

Multiple Choice

Which of the following forecasting methods would be most accurate if demand were rapidly decreasing?

• A) 3-month moving average
• B) 6-month moving average
• C) 12-month moving average
• D) Simple mean
• E) Exponential smoothing with  = 0.001

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Definitions:

Strike Picketing

The practice of workers standing outside their place of employment to protest working conditions or labor disputes.

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at agreements to regulate working conditions.

Labor Dispute

A labor dispute is a disagreement between employers and employees regarding employment conditions, wages, work hours, or other aspects of worker rights and welfare.

FMLA

The Family and Medical Leave Act, a U.S. federal law that provides employees with unpaid, job-protected leave for family and medical reasons.