Suppose That You Are Using the Simple Mean to Make

question 50

Multiple Choice

Suppose that you are using the simple mean to make a forecast. This period's forecast was equal to 1000 units, and it was based on 99 periods of demand. This period's actual demand was 0 units. What is your forecast for next period?

• A) 1000
• B) 990
• C) 0
• D) 1010
• E) 999

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Definitions:

Economic Depression

A severe and prolonged downturn in economic activity characterized by significant decline in GDP, high unemployment, low spending, and deflation.

Mississippi River

One of the longest rivers in North America, flowing from northern Minnesota to the Gulf of Mexico, and historically significant as a major transport route for trade, especially during the 19th century.

Santa Fe Trail

A historic trade route connecting Franklin, Missouri, with Santa Fe, New Mexico, used during the 19th century.

New Mexico's Commerce

Economic activities and trade occurring within New Mexico, often highlighting its unique position in the southwestern United States and its trade links.