4. Explain the Moving Average Method of determining trend values. Comp

1.	4. Explain the Moving Average Method of determining trend values. Compare it withthe method of least squares in terms of its merits and limitations.Compute 4-yearly moving averages for the following data:YearYearProfits (inThousandsINR)Profits (inThousandsINR)20089820092820152010342016421322012S220182013178
Answer» Explanation: A moving AVERAGE is a technique to get an OVERALL idea of the trends in a DATA set; it is an average of any subset of numbers. The moving average is EXTREMELY useful for forecasting long-term trends. You can calculate it for any period of time.

4. Explain the Moving Average Method of determining trend values. Compare it withthe method of least squares in terms of its merits and limitations.Compute 4-yearly moving averages for the following data:YearYearProfits (inThousandsINR)Profits (inThousandsINR)20089820092820152010342016421322012S220182013178

Answer»

Explanation:

A moving AVERAGE is a technique to get an OVERALL idea of the trends in a DATA set; it is an average of any subset of numbers. The moving average is EXTREMELY useful for forecasting long-term trends. You can calculate it for any period of time.

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