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Forecasting model

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The forecasting model that assumes previous time periods have some influence on future sales, but the influence varies by time period, is:
a. exponential smoothing.
b. historical analogy.
c. mean absolute deviation.
d. moving average.
e. weighted moving average.

The forecasting model that assumes previous time periods have an equal influence on future sales is:
a. exponential smoothing.
b. historical analogy.
c. mean absolute deviation.
d. moving average.
e. weighted moving average.

© BrainMass Inc. brainmass.com September 19, 2018, 1:39 pm ad1c9bdddf - https://brainmass.com/business/business-management/forecasting-model-business-322118

Solution Summary

The solution explains the correct alternative from the given options on the topic of forecasting model in business.

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