Describe the pitfalls of moving average forecasting

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Reference no: EM1362854

Moving Average Forecasting

Describe the pitfalls of moving average forecasting.

Address the following in the report:

- Describe the chosen forecast method in detail.
- Explain the pitfalls of the selected forecast method.
- Determine the consequences of using an inaccurate forecast.
- Explain why forecasts are always wrong and how the selection of different forecast types might mitigate forecast error.
- Explain each member's ideas/recommendation in detail.
- Explain how the group came to a consensus on the selected forecasting method.
- Explain if the selected forecast method would help a company

Reference no: EM1362854

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