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:

Primates

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Equity Norm

A principle within social psychology that posits fairness and equality in the distribution of resources and responsibilities among members of a group.

Equality Norm

A principle or standard within social groups that advocates for equal rights, opportunities, and treatment for all members, often guiding behavior and decision-making in group settings.