In 900 words, explain the pitfalls of moving average forecasting. Address the following in the report:
Address the following in the report:
– Explain the chosen forecast method in detail.
– Explain the pitfalls of the selected forecast method.
– Determine the consequences of using an inaccurate forecast.
– Explain why forecasts are always wrong and how the selection of different forecast types might mitigate forecast error.
– Explain each member’s ideas/recommendation in detail.
– Explain how the group came to a consensus on the selected forecasting method.
– Explain if the selected forecast method would help a company
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