Which Time-Series Model Uses BOTH Past Forecasts and Past Demand

question 33

Multiple Choice

Which time-series model uses BOTH past forecasts and past demand data to generate a new forecast?

• A)naïve
• B)moving average
• C)weighted moving average
• D)exponential smoothing
• E)trend projection

Identify and evaluate different market growth and penetration strategies.

Distinguish between internal and external factors in SWOT analysis.

Understand the role of branding and positioning in marketing.

Recognize the components and structure of a marketing plan.

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Definitions:

Standard Deviation

Standard deviation is a statistical measure of the dispersion or variability of a set of data points around their mean, indicating how spread out the data points are.

Mean

A measure of central tendency that is calculated by dividing the summation of all values in a data set by the number of values.

Laws Of Variance

Principles that describe how variance behaves in different statistical distributions and under various transformations.

Probability Distribution

A function in mathematics that determines the chances of different outcomes for a given experiment.