Asked by Richard Sullivan on Jun 24, 2024
Verified
Increasing the number of periods in a moving average will accomplish greater smoothing, but at the expense of
A) manager understanding.
B) accuracy.
C) stability.
D) responsiveness to changes.
E) reliability.
Responsiveness
Refers to the ability of a business or system to quickly react to changes or demands in the environment.
Greater Smoothing
A technique used in data analysis and time series forecasting to reduce volatility or noise in data points.
Moving Average
A technique in statistics that involves calculating averages from various subsets within the whole data set for analysis purposes.
- Perceive the qualities and usage of time-series analysis in the sphere of forecasting.
Verified Answer
Learning Objectives
- Perceive the qualities and usage of time-series analysis in the sphere of forecasting.
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