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Company Wants to Forecast Demand Using the Weighted Moving Average

question 37

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company wants to forecast demand using the weighted moving average.If the company uses three prior yearly sales values ,and we want to weight year 2014 at 30%,year 2015 at 30% and year 2016 at 40%,which of the following is the weighted moving average forecast for year 2017?


Definitions:

Managerial Know-How

The practical knowledge and ability needed by individuals to effectively manage and lead organizations.

Customer Loyalty

A customer's commitment or repeat business to a single brand or company over time, influenced by positive experiences and satisfaction.

Expansion of Global Markets

The process of businesses extending their reach and operations into new international markets.

Bargaining Power

The ability of one party to dictate terms or influence negotiations in their favor due to their position or resources.

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