Question

The moving-average forecasting method is a very good one when conditions remain pretty much the same over the time period being considered.
a. True
b. False

Answer 1

Two of the most usually used forecast error measures are suggested absolute deviation (MAD) and implied squared errors (MSE). MAD is the average of absolute mistakes. MSE is the average of the squared errors. mistakes of contrary symptoms will not cancel every difference out in both measures. however, with the aid of squaring the mistakes, MSE is extra sensitive to big mistakes. both MAD and MSE can be used to examine the performance of different forecasting techniques. The high-quality approach is the only one that yields the lowest MAD/MSE. - consequently, the statement in the query is fake.

A smoothing regular of 0.1 will motivate an exponential smoothing forecast to react extra quickly to a sudden exchange than a fee of zero. three will. - false

A weighted shifting common permits unequal weighting of earlier time intervals. The sum of the weights has to be identical to 1. often, more recent periods are given better weights than durations farther beyond. Exponential smoothing places big weight on beyond observations, so the initial cost of a call may have an unreasonably big effect on early forecasts. for this reason, the assertion in question is fake.

In an easy linear regression model, the correlation coefficient not handiest indicates the strength of the relationship among independent and structured variables, however, also suggests whether or not the relationship is tremendous or negative. as a result the announcement in the query is genuine.

Forecasting techniques including moving-average, exponential smoothing, and the final-value approach all represent averaged values of time-series records. authentic

The shifting-average forecasting method is a very good one while conditions continue to be pretty a lot identical over the time period being considered.. authentic.

Learn more about the forecasting method here

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