Table 118
a Manager Wants to Forecast the Monthly Demand
for

question 172

Multiple Choice

Table 11.8
A manager wants to forecast the monthly demand
for a machine the company produces.
$\begin{array} { | c | c | } \hline \text { Month } & \begin{array} { c } \text { No. Machines } \\\text { Sold }\end{array} \\\hline 1 & 50 \\2 & 65 \\3 & 52 \\4 & 56 \\5 & 55 \\6 & 60 \\\hline\end{array}$

-Use the information in Table 11.8. Calculate the MAD for months 4 through 6 for the weighted moving average forecasts. The weights are 0.50, 0.30, and 0.20, where 0.50 refers to the most recent demand.

• A) less than or equal to 2
• B) greater than 2 but less than or equal to 3
• C) greater than 3 but less than or equal to 4
• D) greater than 4

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Definitions:

Property Rights

The legal rights to use, control, and derive benefit from property, whether it is tangible or intangible.

Privately Owned

Something that is owned by individuals or corporations rather than the government or the public.

Pollution Liability

Legal responsibility for damages caused by releasing pollutants into the environment.

Pollution Emissions

The release of pollutants into the environment, typically from industrial activity, transportation, and other sources harmful to human health and the planet.