What are some of the problems and drawbacks of the moving average forecasting model?
How do you determine how many observations to average in a moving average model? How do you determine the weightings to use in a weighted moving average model?
Choose one of the forecasting methods and explain the rationale behind using it in real-life.
Describe how a domestic fast food chain with plans for expanding into China would be able to use a forecasting model.
This question was asked on Apr 29, 2011.
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