How does a trailing-moving average compare to a
centered-moving average?

When should exponential smoothing be used for data? Explain
with an example.

In exponential smoothing, what type of smoothing constant
should be chosen for little smoothing compared with moderate smoothing?

Justify your answers using examples and reasoning.

2. How can forecasts improve communication in an
organization?

Why do forecasts typically go wrong?

What can a researcher do to increase the chances that a
forecast will be effective?

Are more complicated forecasting models, such as
autoregressive integrated moving average (ARIMA) and autoregressive (AR),
typically better at forecasting than less complicated models? Explain.

Justify your answers using examples and reasoning.