The Formula Used to Create a Moving Average Forecast Is

question 1

Multiple Choice

The formula used to create a moving average forecast is

• A) Y = (Y-1+Y-2+Y-3)/3
• B) Y = α*Y-1actual + (1-α)*Y-1budget
• C) r = (X/Y)(1/n)-1
• D) Y = α + (β*X)

---

Definitions:

Supply Curve

A graph that represents the relationship between the price of a good or service and the quantity of it that suppliers are willing to produce at various prices.

Personal Computers

Electronic devices designed for individual use, capable of executing a set of instructions and processing data.

Fabric

A material made from fibers, threads, or yarns, used for producing clothing, household items, and other textiles.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that a seller is willing and able to supply in the market.