Given the Following Historical Data, What Is the Simple Three-Period

question 116

Multiple Choice

Given the following historical data, what is the simple three-period moving average forecast for period 6?

• A)67
• B)115
• C)69
• D)68
• E)68.67

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Definitions:

Buying Habits

Patterns or tendencies that consumers show when purchasing goods and services, often analyzed for marketing strategies.

Descriptive Statistics

Statistical methods that summarize and describe the features of a collection of information, typically represented in numerical analyses.

Significantly Higher

Refers to a noticeably greater amount or degree when comparing two or more values or occurrences.

Correlational Study

A research method that examines the relationship between two or more variables, determining how they might relate or predict each other without inferring a causal relationship.