What Is the Forecast for the Period 7 Using a 3-Period

question 4

Multiple Choice

What is the forecast for the Period 7 using a 3-period moving average technique,given the following time-series data for six past periods?

• A)164.67
• B)156.00
• C)148.00
• D)126.57
• E)158.67

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget.

Budget Constraint

A budget constraint represents the combinations of goods and services that a consumer can purchase given their income and the prices of those goods and services.

Weekly Income

The total earnings received by an individual or household within a week, encompassing all sources of income such as wages, salaries, bonuses, and any other income.

Doughnuts

Doughnuts are a type of fried dough confectionery or dessert food, often circular with a hole in the center, but can come in various shapes and sizes.