A Moving Average Calculates an Average for a Group of Numbers

question 39

Multiple Choice

A moving average calculates an average for a group of numbers over a specified interval allowing you to see ________ for widely fluctuating numbers.

• A)an objective
• B)a trend
• C)a scenario
• D)a constraint

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Definitions:

Production Possibilities Frontier

An illustration representing the peak production capabilities for two different items, utilizing a specific combination of resources and factors.

Opportunity Cost

The burden of not opting for the immediate subsequent best possibility when making a selection.

Slope

A measure of the steepness or incline of a line, often calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Corn

A staple grain widely cultivated for food, animal feed, and as a raw material in industry.