Question

The moving averages method refers to a forecasting method that

a. relates a time series to other variables that are believed to explain or cause its behavior.
b. uses regression relationship based on past time series values to predict the future time series values.
c. uses the average of the most recent data values in the time series as the forecast for the next period.
d. is used when considerable trend, cyclical, or seasonal effects are present

Answer 1

c. uses the average of the most recent data values in the time series as the forecast for the next period.

Explanation:

We assume you want to complete the description of moving averages method.

The moving in moving averages refers to the fact that the data points used to compute the average are some number of most recent data points. As data is accumulated, the data used to compute the average "moves" to include the newest data and exclude the oldest data.