Reference no: EM132875324
Answer All
Define Naive Forecasting.
Identify one disadvantage of using Naive Forecasting.
Identify one advantage of using Naive Forecasting.
Define Moving Averages Forecasting
Identify one advantage of using Moving Averages.
Identify one disadvantage of using Moving Averages.
Define Exponential Smoothing Forecasting.
Identify one advantage of using Smoothing Forecasting.
Identify one disadvantage of using Smoothing Forecasting.
Think of where you work or have worked in the past.
Identify one area where forecasting is necessary.
Describe what should be forecast.
Identify the best method of the three presented to make this forecast.