Moving average coursework

Document Type:Coursework

Subject Area:Business

Document 1

The model uses the average of several adjoining periods of points of data. The process of averaging in the moving average uses overlapping observations in generating averages. The word “moving” refers to the manner in which averages are calculated, and the forecast fluctuates down or up the data set. There are several types of moving average. Every one of these types is a mathematical result that is determined by finding the average of several past data points. For the fact that moving average is mostly used to forecast long-term trends and can be calculated for any period of time, it is important to have a set of data from a source such as the DoD that is likely to show multiple trends over a long period of time.

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