Using the Actual Demand Shown in the Table Below, What

question 17

Multiple Choice

Using the actual demand shown in the table below, what is the forecast for May (accurate to 1 decimal) using a 4-month weighted moving average and the weights 0.1, 0.2, 0.3, 0.4 (with the heaviest weight applied to the most recent period) ? Nov.Dec.Jan.Feb.Mar.Apr.39
36
40
38
48
46

• A)44.4
• B)43.0
• C)42.5
• D)41.6

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Definitions:

Heuristic Prognostications

Forecasting or predictions made based on educated guesses or experiential rules rather than formal methods.

Trade Association Experts

Individuals with extensive knowledge and expertise in a specific industry, often connected to trade associations that represent the interests of companies in that sector.

Direct Forecast

predicts future trends or behaviors directly from past and present data without the use of intervening variables.

Indirect Forecast

A forecasting method that uses related indicators or market conditions, rather than direct measures, to predict future trends or demands.