The Following Table Shows the Data for the Sales of a New

question 18

Multiple Choice

The following table shows the data for the sales of a new music album at a store for 4 consecutive months. Find the forecast for the next month using a 3-month moving average.
$\begin{array} { | l | l | l | l | l | } \hline \text { Month } & 1 & 2 & 3 & 4 \\\hline \text { Sales } & 112 & 105 & 125 & 118 \\\hline\end{array}$

• A) The forecast for the next month is more than 90 but less than or equal to 100.
• B) The forecast for the next month is more than 100 but less than or equal to 110.
• C) The forecast for the next month is more than 110 but less than or equal to 120.
• D) The forecast for the next month is more than 120 but less than or equal to 130.

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Definitions:

Open-Economy Model

An economic model that considers the impact of trade and financial flows with other countries on the domestic economy.

Net Exports

The disparity between the total amount a country exports and the total amount it imports.

Interest Rate

The percentage charged on borrowed money, or paid to investors, indicating the cost or profit of borrowing or lending.

Net Capital Outflow

The difference between a nation's total investment in foreign assets and the total foreign investment in its domestic assets over a certain period.