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Exhibit 11.1
The following questions use the data below.
Honest Al's Used Cars wants to predict how many cars are sold each month. He has collected data for 12 months. He needs your help in analyzing this data using moving averages.
-Refer to Exhibit 11.1. What is the 4-month moving average forecast for month 5?
MEGGER
A brand name that has become a generic term for insulation resistance testers, which measure the resistance of electrical insulation.
Ohmmeter
A device used for measuring electrical resistance in ohms.
Resistance
The opposition to current flow in an AC or DC circuit.
Derate
To reduce the rated capability of electronic components or electrical devices due to environmental conditions or other factors.
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