Asked by Thomas Scahill on Jul 02, 2024
Verified
Sue decided to use the double moving average model to forecast the game sales for the next week,after looking at the tabulated sales for the past twelve weeks.What exactly did she observe?
A) a time series with no trend and no seasonality
B) a time series with trend and seasonality
C) a time series with trend and no seasonality
D) a time series with seasonality and no trend
Double Moving Average Model
A forecasting technique that utilizes two moving averages of a time series to identify trends by signaling when the averages cross each other.
Time Series
A sequence of data points, typically consisting of successive measurements made over a time interval.
Trend
A general direction in which something is developing or changing over time.
- Elect proper forecasting frameworks after evaluating the time series' patterns, including its trend and seasonal fluctuations.
- Understand the application of the double moving average model.
Verified Answer
DP
Darshit Patel6 days ago
Final Answer :
C
Explanation :
The double moving average model is used for forecasting a time series with trend but no seasonality.
Learning Objectives
- Elect proper forecasting frameworks after evaluating the time series' patterns, including its trend and seasonal fluctuations.
- Understand the application of the double moving average model.
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