Using a Three-Month Moving Average (With Weights of 5, 3

question 28

Multiple Choice

Using a three-month moving average (with weights of 5, 3, and 1 for the most current value, next most current value and oldest value, respectively) , the forecast value for October made at the end of September in the following time series would be ___.

• A)7.67
• B)8
• C)9
• D)6.89
• E)11

Know the influence of JIT systems on production layout and inventory management.

Understand the key characteristics and differences between major psychological perspectives (behavioural, humanistic, cognitive, psychodynamic, sociocultural).

Recognize the historical development and influential figures of behaviourism and humanistic psychology.

Appreciate the role of the environment and individual choice in psychological development and behaviour.

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Definitions:

Regression

In statistics, a method for modeling the relationships between one or more independent variables and a dependent variable; in psychology, a defense mechanism leading to the temporary or long-term reversion of the ego to an earlier developmental stage rather than handling unacceptable impulses in a more adult way.

Reduction

The process of simplifying or breaking down complex entities into simpler components, often used in scientific and mathematical problem-solving.

Nostalgia

A sentimental longing or wistful affection for the past, typically for a period or place with happy personal associations.

Melancholia

A severe form of depression characterized by persistent feelings of deep sadness, hopelessness, and lack of interest or pleasure in activities.