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Use the Method of Moving Averages with an Appropriate Span

question 60

Essay

Use the method of moving averages with an appropriate span to forecast retail sales for 2010.Do you obtain a good fit? Do you have confidence in your forecast? Explain your answers.


Definitions:

Profit

The income earned when the total revenue from business activities is higher than the combined expenses, costs, and taxes necessary for those activities.

Proportions

The relationship between parts and a whole in terms of size, quantity, or degree.

Factor 2

A component or element that contributes to a particular result or situation.

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

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