The Moving Average Forecast Method Is Used When

question 68

Multiple Choice

The moving average forecast method is used when

• A) demand has observable trend or seasonality.
• B) demand has no observable trend or seasonality.
• C) demand has observable trend and seasonality.
• D) demand has no observable level or seasonality.
• E) none of the above

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Definitions:

Slope

A measure of the steepness, incline, or grade of a line, typically determined by the ratio of the vertical change to the horizontal change.

Point C

In the context of economic models, Point C can represent a specific position on a graph, such as on a supply and demand curve or a production possibilities frontier, illustrating a particular economic condition or choice.

Slope

Measures the steepness, incline, or grade of a line on a graph, representing the rate of change of the variables plotted on the axes.

Indeterminate

An outcome or situation that cannot be definitively determined or predicted due to the presence of too many unknown variables.