
Forecasting Techniques and Moving Averages
Interactive Video
•
Business
•
9th - 10th Grade
•
Hard
Thomas White
FREE Resource
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11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the four major forecasting techniques discussed?
Regression Analysis
Moving Average
Naive Approach
Exponential Smoothing
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary basis for the Naive Approach in forecasting?
Using the previous year's demand
Using complex algorithms
Relying on expert opinions
Considering market trends
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the context of forecasting, what does 'error' refer to?
The difference between actual and forecasted demand
A deviation from market trends
A mistake in data entry
A calculation mistake
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key characteristic of the Moving Average technique?
It relies on expert opinions
It predicts demand based on market trends
It averages multiple past data points
It uses a single data point
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many previous data points are needed for a Two-Month Moving Average?
Four
Three
Two
One
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the forecasted demand for the third month using a Two-Month Moving Average if the demands for the first two months are 10 and 12?
13
12
11
10
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For a Three-Month Moving Average, how many previous data points are required?
Four
Three
Two
One
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