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

question 34

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.
$\begin{array}{|c|c|}\hline \text { Week } & \text { Units sold } \\\hline 1 & 88 \\\hline 2 & 44 \\\hline 3 & 54 \\\hline 4 & 65 \\\hline 5 & 72 \\\hline 6 & 85 \\\hline\end{array}$
-If the smoothing constant is assumed to be 0.7, and setting F₁ and F₂ = A₁, the exponential smoothing sales forecast for week 7 is approximately ________.

• A)50 clocks
• B)80 clocks
• C)60 clocks
• D)70 clocks

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Definitions:

Unregulated Capitalism

An economic system without governmental oversight, where the market is left to operate without any checks or controls, potentially leading to monopolies and exploitation.

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Moral qualities or attributes regarded as beneficial or indicative of good character, such as honesty, courage, kindness, and integrity.

Babies

Very young children, especially those under one year of age.