What is the key difference between weighted moving average and simple moving average approaches to forecasting?
What will be an ideal response?
Simple moving averages are useful where there is no identifiable trend in the historical data, i.e., demand has been fairly steady over time. If there were an identifiable trend, weighted moving averages would provide a more accurate forecast because higher weights would be put on the more recent data.
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Julie works at Matrix Inc. Her primary role in the company is to create self-rating, job-related questionnaires for the employees. Which of the following human resource management (HRM) practices is being performed by Julie?
A. Performance management B. Employee relations C. Selection D. Training E. Compensation
A nominating committee
A. oversees auditing reports and assesses financial risks in the company's strategy. B. reviews the performance of top executives and sets their compensation. C. sets the director's pay. D. identifies candidates for election to the board.