A Counseling Service Records the Number of Calls to Their

question 14

Multiple Choice

A counseling service records the number of calls to their hotline for the last year.Based on MAD,which of these models does the best job of forecasting?

• A) A simple moving average of three periods
• B) A simple moving average of five periods
• C) A weighted moving average of .7, .2, .1
• D) A weighted moving average of .5, .2, .2, .1

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Definitions:

Urban Wage Earner

An individual who earns their living through employment in an urban area, typically referring to workers in non-agricultural jobs.

Average Income

The sum of all incomes in a particular group divided by the number of individuals in that group, often used to indicate economic health.

Minimum Food Budget

The lowest estimated amount of money required to cover the cost of food necessities for an individual or household.

Transfer Payments

Payments made by governments to individuals without any expectation of a direct economic return, such as welfare benefits, social security, and subsidies.