A Company Wants to Forecast Demand Using the Simple Moving

question 32

Multiple Choice

A company wants to forecast demand using the simple moving average.If the company uses four prior yearly sales values , which of the following is the simple moving average forecast for year 2014?

• A)100.5
• B)140.0
• C)142.5
• D)145.5
• E)155.0

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Definitions:

Equilibrium Quantity

When the market is at equilibrium, the supply of goods or services is identical to the demand at that price.

Coffee-Bean Pickers

Individuals engaged in the agricultural activity of harvesting coffee beans from plants.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equates to the quantity supplied by producers, leading to market balance.

Surplus

The amount by which the quantity of something exceeds its demand, often referring to unsold goods or surplus budget in economics.