Asked by Jessica Woolf on May 01, 2024

verifed

Verified

If the given time series has no trend and no seasonality,which of the following is the most appropriate forecasting model to determine the forecast of the time series?

A) the single moving average model
B) the seasonal additive model
C) the double exponential smoothing model
D) the Holt-Winters additive model

Seasonal Additive Model

In time series analysis, a model that adjusts for seasonal effects by adding seasonal variations at a constant level.

Single Moving Average Model

A forecasting technique that generates estimates of future values by averaging past observations, often used for smoothing time series data.

Trend

A general direction in which something is developing or changing.

  • Recognize correct predictive models by assessing the time series for trend and seasonality indicators.
verifed

Verified Answer

ZK
Zybrea KnightMay 05, 2024
Final Answer :
A
Explanation :
Since there is no trend and no seasonality in the time series, the best choice for forecasting would be a simple moving average model which uses the past values to predict the future values.