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

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Definitions:

Process Variation

Deviations in business or manufacturing processes that lead to inconsistencies in product quality or performance.

Trade Customs

Practices and guidelines established by conventions between parties in a particular trade or industry.

Cost Accounting

The process of recording, classifying, analyzing, and allocating all costs associated with a process, product, or project.

Materials Rejected

Refers to goods or supplies that fail to meet the quality or specification requirements and are therefore not accepted by the buyer or receiving entity.