Taking the average volume achieved in several recent periods and using this data as a prediction of sales in the next period is synonymous with which forecasting technique:
A) trend projection.
B) moving average.
C) exponential smoothing.
D) naïve approach.
E) chain ratio method.

Question

Quizplus · Accepted Answer

This technique is called the moving average method where the average volume achieved in the recent past is taken as a predictor of future sales.

Taking the Average Volume Achieved in Several Recent Periods and Using