Which of the Following Statements Is Not Correct

question 45

Multiple Choice

Which of the following statements is not correct?

• A)A moving average for a time period is the simple arithmetic average of the values in that time period and those close to it.
• B)A value of the smoothing constant w close to 1 results in a very large smoothing, where as a value of w close to zero results in very little smoothing.
• C)The accuracy of the forecast with exponential smoothing decreases rapidly for predictions of the time series more than one period into the future.
• D)A moving average 'forgets' most of the previous time-series values, and is considered a relatively crude method of removing the random variation.

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Definitions:

Robinson-Patman Act

A U.S. law enacted in 1936 designed to prevent anticompetitive practices by prohibiting price discrimination on the sale of goods to equally situated distributors.

Price Discrimination

A pricing strategy where a seller charges different prices to different customers for the same product or service, not based on costs.

OSHA Violations

Instances of non-compliance with the Occupational Safety and Health Administration's standards and regulations, potentially endangering workers.

Employer

An individual or organization that hires and pays for the services of others to perform specific tasks.