Sales data of a product is given in the following table:
|
Month
|
January
|
February
|
March
|
April
|
May
|
|
Number of units sold
|
10
|
11
|
16
|
19
|
25
|
Regarding forecast for the month of June, which one of the following statements is TRUE?
(a) Moving average will forecast a higher value compared to regression
(b) Higher the value of order N, the greater will be the forecast value by moving average
(c) Exponential smoothing will forecast a higher value compared to Regression
(d) Regression will forecast a higher value compared to moving average