Use the Data Given Below to Answer the Following Question(s)

question 6

Multiple Choice

Use the data given below to answer the following question(s) .
The sales details for 6 weeks of a particular type of switches,called the "Twitch," are shown in the table below.The value of k is set at 2.
-For the given data,identify the number of forecast values.

• A)2
• B)3
• C)4

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Definitions:

Threat Of New Entrants

The potential challenge posed by a new competitor entering an industry or market.

Contestable

Pertaining to a market situation where costs of entry and exit are low, allowing for potential competition to exist even if the market is held by a few companies.

Competitive Level

indicates the intensity of competition within a market, influencing firms' strategies and market outcomes.

Price Searchers

Firms or individuals who determine their selling price based on the demand and supply conditions of the market, rather than being price takers.