Given the Following Historical Data and Weights of A) 1442
B) 144

question 125

Multiple Choice

Given the following historical data and weights of .5, .3, and .2, what is the three-period moving average forecast for period 5? $$\begin{array} { | l | c | } \hline { \text { Year } } & \text { Attendance } \\\hline \text { Four Years ago } & 10,000 \\\hline \text { Three Years ago } & 12,000 \\\hline \text { Two Years ago } & 18,000 \\\hline \text { Last Year } & 20,000 \\\hline\end{array}$$

• A) 144.2
• B) 144.8
• C) 144.67
• D) 143
• E) 144

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Definitions:

Idle Resources

Resources in an economy that are not being fully utilized, often leading to inefficiency.

Output

The total amount of goods and services produced by an economy or a production process.

Guns And Butter

A term used in economics to represent the trade-off between a nation's investment in defense and civilian goods.

Increasing Opportunity Cost

A situation where producing more of one good or service leads to a larger increase in foregone production of another good or service.