Exhibit 11.14 The Following Questions Use the Data Below

question 94

Essay

Exhibit 11.14
The following questions use the data below.
The owner of Tim's Toys wants to predict monthly sales. He has collected data for 12 months. He needs help analyzing the data using a 2-month moving average.
-Refer to Exhibit 11.14. What is the forecast for time periods 13-15?

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Definitions:

Accident

An unforeseen and unplanned event or circumstance, often with negative consequences.

Annual Rate of Return

The percentage gain or loss on an investment over a one-year period, including interest, dividends, and capital gains.

Shares of Stock

Units of ownership interest in a corporation or financial asset, representing a claim on its proportionate share in the corporation's assets and profits.

Dividends

Payments made by a corporation to its shareholder members, distributing a portion of the company's earnings.