A Company Wants to Forecast Demand Using the Simple Moving

question 53

Multiple Choice

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

• A)100.5
• B)122.5
• C)133.3
• D)135.6
• E)139.3

---

Definitions:

Authority

describes the power or right given to individuals or entities to make decisions, issue orders, and enforce obedience.

Unity of Command

A principle in management stating that each employee should report to one and only one supervisor, to avoid confusion and conflict.

Universal Process

A principle or method that is broadly applicable across various domains or situations, often standardized to improve efficiency and effectiveness.

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty; often related to planning in management.