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

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Definitions:

ANS Responses

Physiological reactions mediated by the autonomic nervous system, controlling involuntary functions like heart rate and digestion.

Hypothalamus

A region of the brain that regulates many bodily functions, including hunger, thirst, sleep, and body temperature.

Parasympathetic Nerves

Nerves of the parasympathetic nervous system, part of the autonomic nervous system, involved in rest and digestion.

Blood Vessels

Channels such as arteries, veins, and capillaries through which blood circulates throughout the body, delivering oxygen and nutrients to tissues.