The simple moving average forecasting technique is?
A) Able to generate consistently perfect forecasts
B) Relatively easy to use
C) Relatively difficult to use
D) Rarely used due to its complexity

Question

Quizplus · Accepted Answer

The simple moving average forecasting technique is relatively easy to use as it involves taking an average of the historical data to predict future values. It is, however, not able to generate consistently perfect forecasts and is not rarely used due to its simplicity.

The Simple Moving Average Forecasting Technique Is