______ is a short-term time series forecasting method in which the average of the most recent demand periods is used to predict demand in the future period.
A)Moving average
B)Naïve approach
C)Linear regression
D)Exponential smoothing

Question

Quizplus · Accepted Answer

Moving average is a short-term time series forecasting method in which the average of the most recent demand periods is used to predict future demand. It is a simple and effective method for smoothing out fluctuations in data and is often used in inventory management and sales forecasting. Naïve approach only uses the demand from the previous period as the forecast for the next period, linear regression is a statistical method used for predicting the relationship between two variables, and exponential smoothing is a method that weights recent data more heavily than older data in order to create a forecast. Therefore, the best choice for this scenario is Moving average.

______ Is a Short-Term Time Series Forecasting Method in Which