The Weighted Moving Average Forecast for the Fifth Period with Weights

question 27

Multiple Choice

The weighted moving average forecast for the fifth period with weights of 0.15 for period 1,0.20 for period 2,0.25 for period 3,and 0.40 for period 4,using the demand data shown below is

• A)3760
• B)3700
• C)3650
• D)3325

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Definitions:

Variance

A measure of the dispersion, indicating how spread out the data points are from the mean.

Response Variable

Another word for the dependent variable of interest.

Regression Analysis

A statistical method used to model the relationship between a dependent variable and one or more independent variables.

Dependent Variable

In statistical modeling, this is the variable being tested and measured to see if it is affected by changes in the independent variables.