Which of the following statements concerning moving average forecasts is true? l

Question

Which of the following statements concerning moving average forecasts is true?

longer-period moving averages react more slowly to recent demand changes than shorter-period moving averages

longer-period moving averages react faster to recent demand changes than shorter-period moving averages

shorter-period moving averages are less susceptible to simple random variations

moving averages react quickly to seasonal patterns

longer-period moving averages react more slowly to recent demand changes than shorter-period moving averages

longer-period moving averages react faster to recent demand changes than shorter-period moving averages

shorter-period moving averages are less susceptible to simple random variations

moving averages react quickly to seasonal patterns

Explanation / Answer

Longer-period moving averages react more slowly to recent demand changes than shorter-period moving averages is the statement concerning moving average forecasts which is true. Remaining statements are false regarding moving average forecasts.

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.