Sue Decided to Use the Double Moving Average Model to Forecast

question 39

Multiple Choice

Sue decided to use the double moving average model to forecast the game sales for the next week,after looking at the tabulated sales for the past twelve weeks.What exactly did she observe?

• A)a time series with no trend and no seasonality
• B)a time series with trend and seasonality
• C)a time series with trend and no seasonality
• D)a time series with seasonality and no trend

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Definitions:

Lowest Price

The minimum amount at which a product or service is sold, often determined by costs, competition, and market demand.

Long Run

A period in which all factors of production and costs are variable, allowing full adjustment to changes.

Firm's Profit

The financial gain achieved by a firm when its total revenues exceed its total expenses.

Profitable Output

The level of production at which a business or entity maximizes its profit, considering its cost structure and market demand.