The _______ Method Uses Demand in the First Period to Forecast

question 52

Multiple Choice

The _______ method uses demand in the first period to forecast demand in the next period.

• A)naïve
• B)moving average
• C)exponential smoothing
• D)linear trend

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Definitions:

Industrial Lathe Sales

The commercial activity involving the buying and selling of industrial lathes, which are machines used to shape metal or wood.

Sales Forecast

The process of estimating future sales. Accurate sales forecasts enable companies to make informed business decisions and predict short-term and long-term performance.

Holt-Winters Additive Model

A forecasting technique that captures seasonality, trend, and level in time series data, adding them together for prediction.

Exponential Smoothing

It is a rule of thumb technique for smoothing time series data using the exponential window function.