Betty's House of Flapjacks Uses a Weighted Moving Average Method

question 140

Multiple Choice

Betty's House of Flapjacks uses a weighted moving average method to forecast flapjack sales. It assigns a weight of 6 to the previous month's demand, 4 to demand two months ago, and 3 to demand three months ago. If sales amounted to 1100 flapjacks in May, 2000 flapjacks in June, and 2500 flapjacks in July, what should be the forecast for August?

• A) 2400
• B) 2023
• C) 2167
• D) 3767
• E) 1622

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Definitions:

LMX Differentiation

The degree to which there are variations in the quality of relationships between leaders and different members within the same team or organization.

LMX Relationships

Leader-Member Exchange Relationships; a concept in organizational behavior that explores how leaders and followers establish relationships and how those relationships influence workplace dynamics.

LMX

Leader-Member Exchange, a theory describing the dyadic relationship quality between leaders and followers in an organization.

LMX

Leader-Member Exchange; a theory proposing that leaders develop different kinds of relationships with various members of their team, which can affect the team's dynamics and performance.