Exhibit 11.14 The Following Questions Use the Data Below

question 94

Essay

Exhibit 11.14
The following questions use the data below.
The owner of Tim's Toys wants to predict monthly sales. He has collected data for 12 months. He needs help analyzing the data using a 2-month moving average.
-Refer to Exhibit 11.14. What is the forecast for time periods 13-15?

---

Definitions:

Social Security

A government program that provides financial assistance to people who are retired, disabled, or survivors of deceased workers, funded through payroll taxes.

Medicare

A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.

Payroll Tax

Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

Social Insurance Tax

Taxes imposed on employees and employers to fund public insurance programs, such as social security, health care, and unemployment benefits.