Suppose a Three-Period Weighted Average Is Being Used to Forecast

question 57

Multiple Choice

Suppose a three-period weighted average is being used to forecast demand. Weights for the periods are as follows: w _t-3 = 0.2, w _t-2 = 0.3 and w _t-1 = 0.5. Demand observed in the previous three periods was as follows: A _t-3 = 2,200, A _t-2 = 1,950, and A _t-1 = 2,050. What will be the demand forecast for period t?

• A)2,000
• B)2,095
• C)1,980
• D)2,050
• E)1,875

Comprehend the approach and significance of conducting an organizational needs analysis.

Recognize the role of a supportive training climate in enhancing the transfer of training.

Understand the aspects and importance of socialization in aligning employees with organizational culture and ethics.

Acknowledge the critical role of line managers in contributing to employee training and development.

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Definitions:

Liability

Financial obligations, debts, or responsibilities owed by a business to others, to be settled over time through the transfer of economic benefits.

Invoice Approval Form

Used by the accounting department in checking the invoice and finally approving it for recording and payment.

Purchasing Department

A division within a business that is responsible for acquiring goods and services that are necessary for the company's operations.

Accounting Department

The division within a business that manages financial records, processes transactions, and ensures compliance with financial regulations.