It has been said that forecasting using a time series averaging method is like driving a car

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It has been said that forecasting using a time series averaging method is like driving a car by looking in the rear-view mirror. What are the conditions that would have to exist for driving a car that are analogous to the assumptions made when using time series averaging methods?
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Operations Management

ISBN: 978-0071091428

4th Canadian edition

Authors: William J Stevenson, Mehran Hojati

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