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In order to increase the responsiveness of a forecast made using the moving average technique,the number of data points in the average should be:
Cost-Volume-Profit Relationships
An analysis tool measuring how changes in costs, sales volume, and price affect a company’s profit.
Net Operating Income
The profit realized from a business's operations after subtracting operating expenses from gross profit.
Sold Unit
Refers to a single unit of product that has been sold, representing a measure of the volume of sales transactions.
Operating Leverage
A measure of how revenue growth translates into growth in operating income, influenced by the proportion of fixed costs to variable costs.
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