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

question 45

Multiple Choice

Scenario 7.2 - Gulab Greatness
Historical demand for gulab jamun from a sweet stall on Commercial Road is as displayed in the table.
$$\begin{array} { | c | c | } \hline \text { Month } & \begin{array} { c } \text { Demand } \\\text { (orders) }\end{array} \\\hline \text { January } & 66,753 \\\hline \text { February } & 67,686 \\\hline \text { March } & 68,641 \\\hline \text { April } & 68,979 \\\hline \text { May } & 69,278 \\\hline \text { June } & 69,577 \\\hline \text { July } & 69,602 \\\hline \text { August } & 70,348 \\\hline \text { September } & 70,806 \\\hline \text { October } & 71,011 \\\hline \text { November } & 71,819 \\\hline \text { December } & 72,752 \\\hline\end{array}$$
-Use a simple moving average of three periods to forecast the demand for October.What is the forecast?

• A)70,252
• B)70,722
• C)69,842
• D)71,212

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Definitions:

Criminal Prosecution

The legal process in which an individual is charged and tried for a crime.

Deferred Posting

A banking or accounting term referring to the practice of recording transactions or entries at a later date than the transaction occurred.

Cutoff Hour

A specific time set as a deadline for the completion of a task or the acceptance of transactions on a particular day.

Midnight

The transition time from one day to the next: the moment when the date changes and a new day begins, technically 12:00 AM.