Forecasting methods studied in this class are quantitative techniques including moving average, weighted moving average, exponential smoothing, linear regression, and exponential smoothing with trend component.
Forecasting methods studied in this class are quantitative techniques including moving average, weighted moving average, exponential smoothing, linear regression, and exponential smoothing with trend component.
You are given a set of past demand data and asked to forecast demand for the future. What would you FIRST do to decide which demand forecasting method to use and why? Please consider the answer with regards to one of the forecasting methods listed above.
This is the complete question. It is asking: What would you do 1st after being given a unknown set of past demand data. Another way of putting it: Once you have a set of past demand data, what is the 1st thing you would do in order to decide which forecasting method to use?
There is not more relevant information. If you cannot answer the question, just say so. This is all the question contains.
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