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Use the Method of Moving Average with an Appropriate Span

question 59

Essay

Use the method of moving average with an appropriate span to forecast retail sales for the first half of 2009.Do you obtain a good fit? Do you have confidence in your forecast? Explain your answers.


Definitions:

Check-clearing Process

The method through which banks collect and settle the amount of a check, transferring funds from one account to another.

Movability

The characteristic of an asset that allows it to be transferred or moved from one location to another.

Commission

A fee or percentage of a transaction value paid to an agent or company for facilitating a service, such as a sale or real estate transaction.

Negotiable

Capable of being discussed and modified in a transaction or agreement.

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