Question

the weighted moving average forecasting technique tends to do a good job tracking trend in demand. group of answer choices true false

Answer 1

The weighted moving average forecasting method typically does a decent job of detecting demand trends. This would be an False assertion

What does the term "forecasting technique" mean? What are the two primary forecasting techniques? What purpose does forecasting fulfil?

By using historical data as inputs, forecasting produces accurate projections of the future course of trends. There are two different categories of forecasting methods: qualitative and quantitative. Since each type has a varied set of applications, pick the one that will enable you to achieve your objectives. Knowing all your options will help you decide which strategy will produce the information that will be most helpful to your business. Forecasting helps businesses create data-driven plans and also reach informed conclusions.

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