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Use the Method of Moving Average with an Appropriate Span

question 36

Essay

Use the method of moving average with an appropriate span to forecast retail sales for 2010.Do you obtain a good fit? Do you have confidence in your forecast? Explain your answers.


Definitions:

Ultimate Consumer

The end user of a product or service, who purchases it for personal use and not for resale or further processing.

Reciprocity

A mutual exchange of privileges or services between two parties where each benefits from the agreement.

Industrial Buying Practice

The systematic process that organizations use to make purchase decisions regarding raw materials, processed materials, or professional services.

Products and Services

Goods that are manufactured or created for sale, and activities or benefits offered for consumption, respectively.

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