A Company Wants to Forecast Demand Using the Simple Moving

question 77

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 20142017?

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

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Definitions:

Excise Tax

A tax imposed on specific goods, such as alcohol and tobacco, usually to discourage consumption or generate revenue.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market balance.

Guitar Suppliers

Businesses or individuals dedicated to producing and/or distributing guitars to meet market demand.

The Road To Serfdom

A book by Friedrich Hayek warning of the danger of tyranny that inevitably results from government control of economic decision-making through central planning.