One Technique of Forecasting Is Called the Moving Average

Multiple Choice

One technique of forecasting is called the moving average.In this method,rather than using last year's sales as the forecast ___________.

A) A simple average for the last two or four years is used
B) A smoothing technique is used to determine the forecast
C) A decomposition of the industry is used to average the sales
D) An average is calculated using the midpoint of the sales trend and then is computed by multiplying it by a beta coefficient to get the next year's forecast
E) None of these