A Firm's Demand Data from the Last Two Quarters Is

question 12

Multiple Choice

A firm's demand data from the last two quarters is displayed in the table. Use a three period moving average to forecast demand for July. $$\begin{array} { | c | c | } \hline \text { Month } & \text { Demand } \\\hline \text { January } & 154 \\\hline \text { February } & 148 \\\hline \text { March } & 214 \\\hline \text { April } & 180 \\\hline \text { May } & 225 \\\hline \text { June } & 246 \\\hline\end{array}$$

• A)206
• B)217
• C)223
• D)226

Understand the key elements and purpose of field reports.

Know how to effectively manage deadlines and communicate delays in professional writing.

Distinguish between different types of reports (informational, directive, progress, and status reports) and their purposes.

Recognize the importance of tone, format, and structure in professional reports to maintain professionalism and achieve desired outcomes.

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Definitions:

Representativeness Heuristic

The representativeness heuristic is a cognitive bias in which an individual categorizes a situation based on how similar the aspects are to the prototypes the person holds in their mind.

Cognitive Map

An internal representation of the spatial relationships between objects or locations in an individual's environment.

Availability Heuristic

A cognitive shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method, or decision.

Illusory Correlations

The cognitive bias of perceiving a relationship between variables (typically people, events, or behaviors) even when no such relationship exists.