Suppose You Were Forecasting Sales for a Firm That Exhibited

question 72

Multiple Choice

Suppose you were forecasting sales for a firm that exhibited a cyclical pattern within each week. How would you go about forecasting sales for this firm?

• A) You would need to compute day-of-the week indices centered on the seven days around each day of the week and use these indices to deseasonalize the historical observations
• B) Calculate the monthly average because it automatically deseasonalizes the historical observations.
• C) Ignore the seasonality.
• D) Compute the daily change as a percent of sales and calculate the geometric average.

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Definitions:

Paid Labor Force

Refers to the segment of the population that is engaged in compensated work, within formal or informal sectors, contributing to the economy.

Women

Female human beings, often focusing on their social, cultural, or biological distinctions from men.

Men

Refers to adult male human beings, often considered in the context of gender roles, social structures, and biology.

Gender Expectations

Societal norms and beliefs about the behaviors, attitudes, and characteristics appropriate for individuals based on their perceived sex.