Use the Data Given Below to Answer the Following Question(s)

question 38

Multiple Choice

Use the data given below to answer the following question(s) .
The details of the clock sales at a supermarket for the past 6 weeks are shown in the table below. The time series appears to be relatively stable, without trend, seasonal, or cyclical effects. The simple moving average value of k is set at 2. $$\begin{array} { | c | c | } \hline \text { Week } & \text { Units sold } \\\hline 1 & 88 \\\hline 2 & 44 \\\hline 3 & 54 \\\hline 4 & 65 \\\hline 5 & 72 \\\hline 6 & 85 \\\hline\end{array}$$
-Using the data, determine the value of the simple moving average root mean square error.

• A) 0.21
• B) 14.39
• C) 20.12
• D) 207.13

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Definitions:

Real National Income

A measure of the total income of a country adjusted for price changes over time, indicating the real purchasing power of income.

Lorenz Curve

A graphical representation of the distribution of wealth or income within a society, depicting inequality.

45° Line

A reference line in economics and finance, representing situations where two measured quantities are equal.

Income Distribution

Describes how a nation’s total GDP is distributed amongst its population, often highlighting the disparities between different income groups.