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Company Wants to Forecast Demand Using the Weighted Moving Average

question 8

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company wants to forecast demand using the weighted moving average.If the company uses two prior yearly sales values ,and we want to weight year 2015 at 10% and year 2016 at 90%,which of the following is the weighted moving average forecast for year 2017?


Definitions:

Worker Safety

Policies, procedures, and measures implemented to ensure the health and safety of employees in their workplace.

Hypotheses Testing

A statistical approach that employs data from a sample to test a theory regarding a population attribute.

Population Proportions

The ratio of a particular group within a population to the entire population.

Worker Safety

This term refers to the protocols, practices, and measures implemented to ensure the physical and psychological welfare of workers in their workplace.

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