Which One of the Following Statements About Forecasting Is FALSE

question 113

Multiple Choice

Which one of the following statements about forecasting is FALSE?

• A)You should use the simple moving-average method to estimate the mean demand of a time series that has a pronounced trend and seasonal influences.
• B)The weighted moving-average method allows forecasters to emphasize recent demand over earlier demand.The forecast will be more responsive to change in the underlying average of the demand series.
• C)The most frequently used time-series forecasting method is exponential smoothing because of its simplicity and the small amount of data needed to support it.
• D)In exponential smoothing,higher values of alpha place greater weight on recent demands in computing the average.

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Definitions:

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting beliefs, values, or attitudes typically leading to a change in beliefs or behaviors to reduce the discomfort.

Social Learning Theory

A theory that suggests people can learn new behaviors and information through observing others, emphasizing the importance of modeling, imitation, and social reinforcement.

Imitation and Modeling

The act of mimicking the behavior, gestures, or speech of others as a method of learning, often a key process in the development of social skills and behaviors.

Aversion and Terror Management

Theories that explore human behavior and cognition relating to avoiding fear, death, and existential terror, often via clinging onto cultural beliefs or self-esteem enhancing activities.