In adaptive forecasting
A) there is an assumption that the estimates of level, trend, and seasonality within the systematic component do not vary as new demand is observed.
B) the estimates of level, trend, and seasonality within the systematic component are not adjusted as new demand is observed.
C) the estimates of level, trend, and seasonality are updated after each demand observation.
D) All of the above are true.
E) None of the above are true.

Question

Quizplus · Accepted Answer

Adaptive forecasting involves updating the estimates of level, trend, and seasonality after each new demand observation to improve accuracy.

In Adaptive Forecasting