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labwork [276]
1 year ago
7

Weighted moving average forecasting is suited particularly well for what kind(s) of data sets?

Social Studies
1 answer:
GaryK [48]1 year ago
5 0

The weighted moving average forecasting is suited particularly well for a stable/stationary series of data set.

<h3>What is a weighted moving average?</h3>

This refers to a technical indicator that assigns a greater weighting to the most recent data points and less weighting to data points in the distant past. This average is derived by multiplying each number in the data set by a predetermined weight and summing up the resulting values.

In conclusion, as the weighted moving average forecasting is mostly suited particularly well for a stable/stationary series of data set, then, it will give a more accurate result for the forecast.

Read more about weighted moving average

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