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:

Boycotting

The act of refusing to buy, use, or participate as a means of protest or coercion.

Norris-LaGuardia Act

The Norris-LaGuardia Act of 1932 is a U.S. federal law that protects the right of workers to organize and engage in labor activities without employer interference.

Wagner Act

Also known as the National Labor Relations Act of 1935, it established the legal right for workers to participate in unions and collective bargaining in the United States.

Unfair Labor Practice

Actions by employers or unions that violate the rights of employees under labor laws.