Sales Forecasting Using a moving Average Takes Several Recent Periods

question 83

True/False

Sales forecasting using a moving average takes several recent periods of sales and uses the figures as a prediction of sales in the next period.

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Definitions:

Oscillate

To move or swing back and forth at a regular speed, or to vary between opposing beliefs, feelings, or theories.

Density-dependent Factor

A factor whose effects on the size or growth of the population vary with the population density, such as disease or food supply.

Population Size

The number of individuals belonging to a specific species that live in a designated area.

Carrying Capacity

The maximum population size of a species that the environment can sustain indefinitely, given the food, habitat, water, and other necessities available in the environment.