A Counseling Service Records the Number of Calls to Their

question 38

Multiple Choice

A counseling service records the number of calls to their hotline for the last year. use this table to answer the following questions:
$$\begin{array} { | l | c | } \hline { \text { Month } } & \text { Demand } \\\hline \text { Tanuary } & 111 \\\hline \text { February } & 127 \\\hline \text { March } & 146 \\\hline \text { April } & 159 \\\hline \text { May } & 165 \\\hline \text { fune } & 165 \\\hline \text { fuly } & 178 \\\hline \text { August } & 182 \\\hline \text { September } & 191 \\\hline \text { October } & 208 \\\hline \text { November } & 223 \\\hline \text { December } & 228 \\\hline\end{array}$$
-What is the forecast for October if a weighted moving average with weights of 0.5, 0.3, and 0.2 is used to model this data?

• A)177.4
• B)185.7
• C)197.7
• D)190.3

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Definitions:

Dedicated Resources

Assets or inputs allocated specifically for a particular project, task, or goal without being diverted elsewhere.

Costs

The monetary value of resources consumed or spent to achieve a particular objective.

Benefits

Advantages or positive outcomes that result from a particular action or policy.

Free Rider Problem

A situation where individuals consume a public good without contributing to its cost, benefitting from others' contributions.