Demand for a Certain Product Is Forecast to Be 800

question 24

Multiple Choice

Demand for a certain product is forecast to be 800 units per month, averaged over all 12 months of the year. The product follows a seasonal pattern, for which the January monthly index is 0.8. What is the seasonally-adjusted sales forecast for January?

• A) 640 units
• B) 798.75 units
• C) 801.25 units
• D) 1000 units
• E) 83.33 units

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Definitions:

Foot-In-The-Door

A persuasive technique involving making a small request first to increase the likelihood of agreement to a larger request later.

Role Playing

A method for exploring the behaviors and attitudes of individuals by having them adopt and act out the role of a specific character or person.

Attitudes

Mental inclinations demonstrated through assessing a specific entity with varying levels of approval or disapproval.

Cognitive Dissonance

A psychological phenomenon occurring when an individual holds contradictory beliefs, ideas, or values, often leading to discomfort and a motivation to change.