Exhibit 11.13 The Following Questions Use the Data Below

question 97

Essay

Exhibit 11.13
The following questions use the data below.
The owner of Tim's Toys wants to predict monthly sales. He has collected data for 12 months. He needs your help in analyzing this data using moving averages.
-Refer to Exhibit 11.13. What formulas should go in cells C3:C16 of the spreadsheet if Bill uses a 4 month moving average forecasting model?

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Definitions:

Inferior Good

A type of good for which demand decreases as the income of consumers increases, opposite to normal goods.

Complements

Complements are goods or services that are used together, so that the consumption or use of one increases the demand for the other.

Durable Good

A type of good that does not quickly wear out and is capable of being used for a period of time, often years, before needing replacement.

Automobile

A wheeled motor vehicle used for transportation, typically powered by an internal combustion engine or electric motor.