Answer the following statements true (T) or false (F)
1) An advantage of the weighted moving average technique is that recent demand periods can be given more importance than older demand periods.
2) The exponential smoothing forecasting technique is a form of weighted moving average.
3) The double exponential smoothing technique requires the use of two smoothing constants.
4) The Mean Absolute Deviation (MAD) is equal to the square root of the Mean Squared Error (MSE).
5) A smoothing constant of 0.2 will cause the exponential smoothing forecasting technique to react more quickly to a sudden change in historical demand as compared to using a smoothing constant value of 0.7.
1) TRUE
2) TRUE
3) FALSE
4) FALSE
5) FALSE
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