Suppose That You Are Using the Simple Mean to Make

question 19

Multiple Choice

Suppose that you are using the simple mean to make a forecast. This period's forecast was equal to 100 units, and it was based on 6 periods of demand. This period's actual demand was 86 units. What is your forecast for next period?

• A) 98
• B) 100
• C) 93
• D) 86
• E) Not enough information is given to answer the question.

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Definitions:

General Knowledge

Broad, non-specialized information and awareness about a wide range of topics, facts, and concepts.

Middle Adulthood

A life stage typically ranging from about 40 to 65 years, characterized by stability, maturity, and increased responsibility.

Crystallized Intelligence

The ability to use learned knowledge and experience. It typically increases with age and is measured by vocabulary and trivia tests.

Fluid Intelligence

The capacity to think logically and solve problems in novel situations, independent of acquired knowledge.