State the conditions under which the Moving Average method can be recommended for trend analysis. How will you determine the period of the moving average?
Question
Solution 1
The Moving Average method can be recommended for trend analysis under the following conditions:
- The data set is relatively large: The moving average method is more effective when applied to a large data set. This is because the method averages out the random fluctuations in the data, which are m Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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