GATE ME 2018 Set 1 — Question 26
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Industrial Engineering → Production Planning & Control → Forecasting Models
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Question
The time series forecasting method that gives equal weightage to each of the most recent observations is
Correct answer
(A) Moving average method
Solution
The simple moving average method calculates the average of the most recent observations, giving each an equal weight of . In contrast, exponential smoothing methods assign exponentially decreasing weights to older observations.
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