Quarterly Sales Data (In $10,000) for a Small Company Specializing

question 11

Multiple Choice

Quarterly sales data (in $10,000) for a small company specializing in green cleaning products are shown in the time series graph below.The forecasting method that would likely fit these data the best is ________________________

• A)single exponential smoothing
• B)linear trend
• C)seasonal regression model
• D)moving average
• E)naive

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Definitions:

Object Permanence

The Piagetian term for one of an infant’s most important accomplishments: understanding that objects and events continue to exist even when they cannot directly be seen, heard, or touched.

Disequilibrium

A state of imbalance or instability, often used in the context of emotional or cognitive conflict.

Assimilation

The cognitive process of fitting new information into pre-existing cognitive schemas, perceptions, and understanding.

Accommodation

In cognitive development, the process by which individuals modify their existing mental frameworks or schemas to incorporate new information.