The convention for weighted moving average forecasting is to ...

[jlmhmf]

The convention for weighted moving average forecasting is to assign the lowest weight to the most recent data and the highest weight to the oldest data with the reasoning that the most recent data is more relevant.
 
  Indicate whether the statement is true or false

Question 2

Increasing the number of periods in a simple moving average forecast causes the forecasting technique to be less responsive to changes in the historical data.
 
  Indicate whether the statement is true or false

[miss_1456@hotmail.com]

Answer to Question 1

FALSE

Answer to Question 2

TRUE

[jlmhmf]

Correct answers!

[miss_1456@hotmail.com]

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