Using a Three-Month Moving Average (With Weights of 6,3,and 1

question 74

Multiple Choice

Using a three-month moving average (with weights of 6,3,and 1 for the most current value,next most current value and oldest value,respectively) ,the forecast value for November in the following time series is ___.

• A)11.60
• B)10.00
• C)9.67
• D)8.06
• E)8.60

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Definitions:

Macroeconomics

The branch of economics that studies how the overall economy—the market systems that operate on a large scale—behaves and functions.

Nationwide Market

A market that spans an entire country, allowing for the distribution and sale of goods and services across all regions.

Scientific Method

The procedure for the systematic pursuit of knowledge involving the observation of facts and the formulation and testing of hypotheses to obtain theories, principles, and laws.

Human Behavior

The study of how individuals act and make decisions in various environments and situations.