SOLVED : – Who needs to be involved in preparing forecasts?/2022


Explain the trade-off between responsiveness and stability in a forecasting system that uses timeseries data.


 Who needs to be involved in preparing forecasts?


How has technology had an impact on forecasting?


 It has been said that forecasting using exponential smoothing is like driving a car by looking in the

rear-view mirror. 

are the conditions that would have to exist for driving a car that are analogous to the assumptions made when using exponential smoothing?