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i. In the ratio-to-moving-average procedure, using the median or modified mean eliminates trend. ii. In the final step, using the ratio-to-moving-average method on quarterly data, the total of the modified means should theoretically be equal to 400 because the average of should be 100.
iii. Seasonal variation is quite common in the retail and wholesale industries.
Decision Making
The method of selecting options through recognizing a decision to be made, collecting data, and evaluating different solutions.
Language
A system of communication that utilizes symbols, sounds, or gestures to convey meaning and facilitate complex interactions.
Carl Rogers
A psychologist who founded the humanistic approach to psychology, emphasizing the importance of free will, self-actualization, and empathy.
Humanism
A philosophical and ethical stance that emphasizes the value and agency of human beings, individually and collectively.
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