An Operation Analyst Is Forecasting This Year's Demand for One

question 50

Multiple Choice

An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data: What is this year's forecast using a two-year weighted moving average with weights of .7 and .3?

• A)19,400
• B)18,600
• C)19,000
• D)11,400
• E)10,600

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Definitions:

Structuralism

An early school of psychology that aimed to understand the structure of the mind by analyzing the basic components of thoughts and sensations.

Empiricists

Philosophers who emphasize that knowledge comes primarily from sensory experience.

Proximal Stimuli

The patterns of stimuli from objects and events that actually reach your senses (eyes, ears, skin, etc.), influencing perception.

Distal Stimuli

External objects and events in the environment that provide the basis for the perception of the world.