The forecasting method that is appropriate when the time series has no significant trend, cyclical, or seasonal effect is _____.
A) moving averages
B) mean squared error
C) mean average deviation
D) the qualitative forecasting methods

Question

Quizplus · Accepted Answer

Moving averages are used to smooth out short-term fluctuations and highlight longer-term trends or cycles. This method is appropriate when the time series does not display significant trends, cyclical patterns, or seasonal effects, making it suitable for situations where the data is relatively stable and consistent over time.

The Forecasting Method That Is Appropriate When the Time Series