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Why forecasting methods such as simple moving averages

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Reference no: EM132954918

Explain in three paragraphs why forecasting methods such as simple moving averages, weighted moving averages, and simple exponential smoothing are not well suited for data series that have trends. NOTE: Data series means actual history of the data.
Explain in one paragraph the value of seasonal indices in forecasting. How are seasonal patterns different from cyclical patterns?
Explain in two to three paragraphs the relationship between the use of a tracking signal and statistical control limits for forecast control. You should use some illustration (software drawn control chart) to make your case. This is in addition to the 2 to 3 paragraphs of explanations.

Reference no: EM132954918

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