The Following Time-Series Approach to Forecasting Uses Historical Data to Generate

question 15

Multiple Choice

The following time-series approach to forecasting uses historical data to generate a forecast and works well when demand is fairly stable over time:

• A)Naïve Forecast
• B)Weighted Moving Average
• C)Simple Moving Average
• D)Exponential Smoothing

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.