When the Moving Average Method Is Used to Estimate the Seasonal

question 49

Multiple Choice

When the moving average method is used to estimate the seasonal factors with quarterly sales data,a ______ period moving average is used.

• A) 2
• B) 3
• C) 4
• D) 5
• E) 8

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Definitions:

Catch Sizes

The amount or volume of fish or seafood harvested from the sea or freshwater bodies in a single fishing trip or period.

ITQs

Individual Transferable Quotas, a system used in fishery management whereby individual operators are given the right to catch a specified share of the total allowable catch for a particular fishery.

Pacific Halibut

A large flatfish native to the North Pacific Ocean, valued for its culinary uses and recreational fishing interest.

Market Price

The current price at which a good or service can be bought or sold in a marketplace, determined by supply and demand dynamics.