Suppose a Four-Period Weighted Average Is Being Used to Forecast

question 161

Multiple Choice

Suppose a four-period weighted average is being used to forecast demand. Weights for the periods are as follows: w_t-4 = 0.1, w_t-3 = 0.2, w_t-2 = 0.3 and w_t-1 = 0.4. Demand observed in the previous four periods was as follows: A_t-4 = 380, A_t-3 = 410, A_t-2 = 390, A_t-1 = 400. What will be the demand forecast for period t?

• A) 402
• B) 397
• C) 399
• D) 393
• E) 403

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Definitions:

Happiness Concern

The issue or focus on understanding what factors contribute to human happiness and well-being.

Human Flourishing

A concept in moral philosophy that relates to living well and realizing one's full potential through ethical and virtuous actions.

Golden Mean

Aristotle's concept of finding the desirable middle between two extremes, one of excess and the other of deficiency.

Theory of Moderation

A philosophical principle suggesting that moderation in all things is the key to a good life, avoiding extremes in behavior, beliefs, and actions.