Answer Happy

7. Which of the following statements is correct about forecasting: a. To generate a new forecast, the Moving Average method is based on calculating the average of past forecasts and past actual demand data for a given number of periods. b. The Naive method uses past forecasts and past demand data to generate a new forecast? c. With respect to time series forecasting, the analysis of past demand helps predict future demand d. Quantitative forecasts are mainly based on such factors as the decision maker's intuition, emotions, and experience. None of the above statements is correct about forecasting e.