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Author Question: Which one of the following statements about forecasting is FALSE? (Read 24 times)

CharlieWard

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Which one of the following statements about forecasting is FALSE?
◦ 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.
◦ 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.
◦ 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.
◦ In exponential smoothing, higher values of alpha place greater weight on recent demands in computing the average.


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Marked as best answer by CharlieWard on Apr 18, 2020

shailee

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CharlieWard

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Reply 2 on: Apr 18, 2020
YES! Correct, THANKS for helping me on my review


Dnite

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Reply 3 on: Yesterday
Gracias!

 

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