As a Forecasting Technique,moving Average

question 10

Multiple Choice

As a forecasting technique,moving average:

• A)is useful when only base and irregular demand components exist
• B)is never useful
• C)is useful when demand patterns repeat with cyclic,trend,or seasonal components
• D)is useful when there is a strong relationship between demand and certain independent variables

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Definitions:

Functionalist

A viewpoint in sociology that regards society as a complicated system in which its components function cooperatively to foster unity and steadiness.

Conflict Theory

A sociological perspective that emphasizes the social, political, or material inequality of a social group, critiquing the broad socio-political system.

Symbolic Interactionism

A theory that emphasizes the role of symbols and language as core elements of all human interaction and how individuals interpret and give meaning to objects, events, and behaviors.

Culture

The beliefs, customs, arts, and institutions of a society, group, place, or time.