The Larger the Number of Periods in the Simple Moving

question 61

True/False

The larger the number of periods in the simple moving average forecasting method, the greater the method's responsiveness to changes in demand.

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Definitions:

Customers

Persons or organizations that buy products or services from a company.

Supplies Account

An account that tracks the cost of supplies consumed or on hand.

Adjusting Entry

An accounting record entry made at the conclusion of an accounting period to distribute income and expenses to the correct period.

Purchased

The act of acquiring goods or services in exchange for money, often recorded in accounting as an increase in assets or expenses.