Suppose That You Are Using the Naïve Forecasting Method with Trend

question 66

Multiple Choice

Suppose that you are using the naïve forecasting method with trend to forecast sales. If sales have been declining by 20% per week, and this week's sales amounted to $200, what would your forecast be for next week?

• A) $200
• B) $ 40
• C) $240
• D) $180
• E) $160

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Definitions:

Time for Delivery

The specific period within which goods or services must be delivered as stipulated in a contract.

Reasonable Time for Inspection

A legally acceptable period allowed for a buyer to examine goods to ensure they conform to the contract terms.

Effective Acceptance

The act of agreeing to the terms of an offer in a manner that is recognized by law, thereby creating a binding contract.

Conforming Goods

Products that meet the specifications and quality standards outlined in a purchase contract.