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For the data below: (a) Develop a scatter diagram.
(b) Develop a six-year moving average forecast.
(c) Find MAPE.
Doll Houses
Miniature houses designed for children to play with, often replicating the structure and furnishings of a full-size house.
Labor Cost
The total expenditures for wages, benefits, and payroll taxes that employers incur in compensation for the work performed by their employees.
Derived Demand
The demand for a resource; it stems from the demand for the final good the resource helps produce.
Input Demand
The requirement for resources and materials necessary to produce goods and services.
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