Exhibit 11.2 The Following Questions Use the Data Below

question 50

Multiple Choice

Exhibit 11.2
The following questions use the data below.
Honest Al's Used Cars wants to predict how many cars are sold each month. He has collected data for 12 months. He needs your help in analyzing this data using weighted moving averages.
-Refer to Exhibit 11.2. What would be the forecasted value for time period 13?

• A) 83.024.
• B) 80.796.
• C) 79.245.
• D) 79.908.

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Definitions:

Multivariate Data

Data involving two or more variables that are analyzed together to understand relationships and patterns among them.

Two or More Variables

Refers to situations or analyses that involve more than one variable, requiring multivariate techniques for investigation or understanding.

Ratio Data

Data that have a natural zero point and where the ratio between two data points is meaningful, allowing for a wide range of statistical analysis.

Natural Zero

A point on a scale at which the variable measured has a true absence of the property, indicating a meaningful zero point.