Forecasting time-series data implies that future values

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Reference no: EM132252209

1. Forecasting time-series data implies that future values are predicted only from past values and that other variables, no matter how potentially valuable, may be ignored.

True

False

2. There are four common seasonality patterns:

Daily

Weekly

Monthly

Yearly

True

False

3. Assumption is a forecasting technique that assumes that demand in the next period is equal to demand in the most recent period.

True

False

4. A 4-month moving average is found by simply summing the demand during the past 4 months and dividing by 4

True

False

5. Weights for a period added to the demand in that period and multiplied by the sum of weights is how to calculate a weighted moving average. Choice of weights is somewhat arbitrary because there is no set formula to determine them

True

False

Reference no: EM132252209

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