Explain, briefly, why the larger number of periods included in a moving average forecast, the less well the forecast identifies rapid changes in the variable of interest
What will be an ideal response?
The larger the number of periods included in the moving average forecast, the less the average is changed by the addition or deletion of a single number.
You might also like to view...
The income statement tells the reader about the actual cash inflows during a period of time
a. True b. False Indicate whether the statement is true or false
The market leader strategy ensures high sales volume, whereas the market nicher strategy allows firms to achieve ________
A) high margin B) low margin C) high promotability D) medium pricing E) lower demand
Exempt property may not be retained by a debtor who files for bankruptcy
Indicate whether the statement is true or false
Rahul owns a guitar store that is famous for customizing guitars. From choosing the wood for the body to the type of pickups, everything can be selected by the customer. This feature attracts beginners and professionals alike to Rahul's store. The specific nature of the business makes it unique and results in fewer competitors. This allows Rahul to choose the prices for his services. The opportunity of _____ is highlighted in the given scenario.
A. exploiting market niches B. having lower overhead costs C. providing homogenous service D. using technology