Iscussion 2 Week 4 Forecasting Models”

Forecasting Models Please respond to the following:

1. What is the difference between a causal model and a timeseries model? Give an example of when each would be used.

2. What are some of the problems and drawbacks of the moving average forecasting model?

3. How do you determine how many observations to average in a moving average model?

4. How do you determine the weightings to use in a weighted moving average model?