A Company Wants to Forecast Demand Using the Weighted Moving

question 39

Multiple Choice

A company wants to forecast demand using the weighted moving average. If the company uses three prior yearly sales values , and we want to weight year 2014 at 30%, year 2015 at 30% and year 2016 at 40%, which of the following is the weighted moving average forecast for year 2018?

• A) 170
• B) 168
• C) 158
• D) 152
• E) 146

Distinguish cognitive psychology from other branches and elucidate its focus areas.

Identify the first and last steps in the problem-solving process.

Describe how concepts facilitate generalization and impact decision-making.

Explain the distinction between heuristics and algorithms in problem-solving.

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Definitions:

Leadership Outcomes

The results or impacts of leadership actions and decisions, which can include team performance, satisfaction, and the achievement of organizational goals.

Katz

This term refers to Robert Katz, renowned for proposing a three-skill approach necessary for effective management and leadership: technical, human, and conceptual skills.

Individual Attributes Factor

Personal characteristics or traits of an individual that can affect behavior, perceptions, and interactions in various contexts.

Skills Model

A leadership model that focuses on the capabilities, knowledge, and skills that make an effective leader, suggesting that leadership is developed through learning and experience.