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:

Rental Price

The amount of money charged for the temporary use of a good, service, or property.

Services from Land

The benefits and outputs produced by natural resources without altering their original physical state, such as agricultural production, mining, and scenic views.

Ownership

Refers to the rights that confirm the legal possession and control over property, assets, or resources.

Marginal Product of Labor

The additional output a firm gains from employing one more unit of labor, holding all other inputs constant.