Scenario 7 -Use a Simple Moving Average of Three Periods to Forecast

question 81

Multiple Choice

Scenario 7.1 - Marshmallow Madness
Historical demand for Peeps is as displayed in the table.
$\begin{array}{|l|c|}\hline \text { Month } & \text { Demand } \\\hline \text { January } & 11 \\\hline \text { February } & 18 \\\hline \text { March } & 31 \\\hline \text { April } & 39 \\\hline \text { May } & 44 \\\hline \text { June } & 53 \\\hline \text { July } & 67 \\\hline \text { August } & 82 \\\hline \text { September } & 96 \\\hline\end{array}$
-Use a simple moving average of three periods to forecast the demand for July.What is the forecast?

• A)67
• B)58
• C)48.5
• D)45.3

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Definitions:

Price Controls

Government-imposed limits on the prices that can be charged for goods and services in the market.

Rental Housing Market

The segment of the real estate market that involves the leasing or renting of property for residential purposes.

Rent-Control Scheme

A rent-control scheme is a government policy that sets a maximum price that can be charged for rental housing, aiming to make housing more affordable.

Equilibrium Rental Price

The price at which the quantity of rental properties supplied equals the quantity demanded.