Which of the following is are disadvantages of the moving average forecast quizlet?

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Which of the following is are disadvantages of the moving average forecast?

Which of the following is/are disadvantages of the weighted moving average forecast? -It does not work well for time series with trends or seasonality. -It is difficult to compute using a spreadsheet. -The value of n might be arbitrary.

Which of the following is are the disadvantages of using consumer surveys for forecasting quizlet?

Which of the following is/are disadvantages of consumer surveys? -Consumer opinion may be temporarily influenced by outside factors like sales pitches. -It is difficult to get a representative sample. -A considerable amount of knowledge is required to correctly interpret the results for valid information.

Which of the following are elements of good forecasts quizlet?

Forecasts should be accurate..
Forecasts should be cost-effective..
Forecasts should be in meaningful (understandable) units..

Which of the following is not true about forecasting?

Answer: ans is d - short range forecast are less accurate than long range forecast.

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