Which of the following is are the disadvantages of using consumer surveys for forecasting quizlet?

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Which of the following is are the disadvantages of using consumer surveys for forecasting?
Which of the following is are disadvantages of the moving average forecast quizlet?
Which of the following is are advantages of consumer surveys?
What is the major disadvantage of using the naive approach for prediction?

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Which of the following is are the disadvantages of using consumer surveys for forecasting?

Which of the following is/are disadvantages of consumer surveys? -Consumer opinion may be temporarily influenced by outside factors like sales pitches. -It is difficult to get a representative sample. -A considerable amount of knowledge is required to correctly interpret the results for valid information.

Which of the following is are disadvantages of the moving average forecast quizlet?

Which of the following is/are disadvantages of the weighted moving average forecast? -It requires considerable effort to determine the weights. -It does not work well for time series with trends or seasonality. -The value of n might be arbitrary.

Which of the following is are advantages of consumer surveys?

Which of the following is/are advantages of consumer surveys? -Surveys eliminate the possibility of irrational behavior patterns. -You can get information that may be unavailable anywhere else. -They are always reliable because the information comes directly from customers.

What is the major disadvantage of using the naive approach for prediction?

The disadvantage is that it does not consider any possible causal relationships that underly the forecasted variable. This model adds the latest observed absolute period -to-period change to the most recent observed level of the variable. If you want to incorporate the rate of change rather than the absolute ...