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An analyst must decide between two different forecasting techniques for weekly sales of roller blades. Based on the following data, answer the below questions. time
An analyst must decide between two different forecasting techniques for weekly sales of roller blades. Based on the following data, answer the below questions.
time | Units sold |
1 | 147 |
2 | 148 |
3 | 151 |
4 | 145 |
5 | 155 |
6 | 152 |
7 | 155 |
8 | 157 |
9 | 160 |
10 | 165 |
For the above data, which technique would you recommend and why: Moving average or exponential smoothing? Explain in details
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