Start learning 50% faster. Sign in now
The moving average time series method is ideal for analyzing and forecasting seasonal sales trends as it smooths out short-term fluctuations and highlights long-term trends. In e-commerce, where seasonal variations such as holiday sales significantly impact revenue, the moving average allows analysts to account for cyclical patterns, making it a strong tool for forecasting. By averaging data over specified intervals, it reduces noise and captures the overall sales trend, helping the company estimate future sales based on historical holiday trends. Moving average time series thus provides an accessible and reliable framework for sales trend analysis, directly aligned with the company’s forecasting needs. The other options are incorrect because: • Cross-sectional Analysis analyzes data at a single point in time, unsuitable for trend forecasting. • Linear Regression does not account for seasonality or time-based variations, limiting its application. • Hierarchical Clustering groups data rather than identifies patterns over time. • Random Forest can be used for predictions but is not designed for time-based trend analysis.
What is the percentage stake acquired by Bank of India in CCIL IFSC?
What is the minimum number of members required to be incorporated as a Nidhi company?
Provision for Bad Debts is required to be maintained in the books as per which principle?
ABC Ltd has made purchases of Rs.100,000 during the year. The balance sheet shows an average accounts payable balance of Rs12,000. ABC Ltd payable payme...
An option that can be exercised only at expiration is called ____
People who score high in openness to experience are generally what?
Manish is a manager who is out of town on a business trip. He needs to get some data to a member of his staff rather quickly so a presentation can be up...
Conscientiousness measures what aspect of a person's personality?
As per Partnership Act, in which of the following cases partners have the duty to indemnify the loss caused to the firm?
In July 2024, which economic indicator was recorded as the lowest in the last 59 months?