A Firm Has Had the Following Order History Over the Last

question 77

Multiple Choice

A firm has had the following order history over the last 4 months:

What is the weighted moving average forecast for March, assuming a weight of 60% for the most recent month, 30% for the month preceding the most recent month, and 10% for the month preceding that one?

• A) 117.5
• B) 228.1
• C) 118.0
• D) 128.0
• E) 132.4

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Definitions:

Bottling Plant

A facility where products, such as beverages, are put into bottles for distribution.

Sign Test

A non-parametric statistical test used to determine if there is a significant difference between paired observations.

Median Score

The median score is the middle value in a set of numbers arranged in ascending order, effectively dividing the dataset into two equal halves.

Level Of Significance

The threshold in hypothesis testing that determines if the null hypothesis can be rejected, commonly denoted by alpha (α).