If Brandon Edward Were Working to Develop a Forecast Using

question 102

Multiple Choice

If Brandon Edward were working to develop a forecast using a moving averages approach, but he noticed a detectable trend in the historical data, he should:

• A) use weights to place more emphasis on recent data.
• B) use weights to minimize the importance of the trend.
• C) change to an associative multiple regression approach.
• D) use a simple moving average.
• E) change to a qualitative approach.

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Frederick W. Taylor

An American mechanical engineer who is considered the father of scientific management, emphasizing efficiency, systematic study of tasks, and standardization of work practices.

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A business efficiency technique that analyzes the motions involved in performing a task to design more efficient ways of working, thereby improving productivity.