Explain the difference between the Moving Average and Exponential ...

[ETearle]

Explain the difference between the Moving Average and Exponential Smoothing approaches to forecasting.
 
  What will be an ideal response?

Question 2

The song Happy Birthday is likely protected
 
  A) as a trade secret.
  B) with a patent.
  C) under copyright law.
  D) in a trust.

[nixon_s]

Answer to Question 1

The Moving Average approach assigns equal weights to each time period from which data are obtained, and drops the oldest time period when a new time period is added in calculating the average value.

The Exponential Smoothing approach assigns different weights to each time period from which data are drawn, with the smallest weight given the oldest time period and the greatest weight to the most recent period (all the weights are fractional, usually employing a geometric progression, and must add up to one).

Answer to Question 2

C