Question
Associate the situation on the left with the most appropriate forecasting method below: a. You want to use a straight line equation to make predictions
Associate the situation on the left with the most appropriate forecasting method below:
a. You want to use a "straight line" equation to make predictions
-Linear Regression
-Simple Moving average of order k with a k value
-Exponential smoothing method with a small value of alpha
-Exponential smoothing method with a large value of alpha.
b. You have only one historical data value available
-Linear Regression
-Simple Moving average of order k with a k value
-Exponential smoothing method with a small value of alpha
-Exponential smoothing method with a large value of alpha.
c. You have data with both seasonal and trend patterns
-Linear Regression
-Simple Moving average of order k with a k value
-Exponential smoothing method with a small value of alpha
-Exponential smoothing method with a large value of alpha
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