Identify Two Advantages of the Moving Average Forecasting Model

question 146

Essay

Identify two advantages of the moving average forecasting model. Identify two disadvantages of the moving average forecasting model.

---

Definitions:

Tariff of Abominations

The informal name given to the Tariff of 1828, which protected industry in the northern United States but harmed Southern economic interests by raising prices on imported goods.

National Republicans

A political party in the United States, active in the late 1820s and early 1830s, which supported a strong federal government and policies that promoted economic growth, evolving into the Whig Party.

Kitchen Cabinet

A term referring to a group of unofficial advisors to the head of a government.

Empresarios

Agents who were granted the right to settle on land in exchange for recruiting and taking responsibility for new settlers; used notably in the context of Mexican Texas.