A Weighted Moving Average Method That Calculates the Average of a Time

question 56

Multiple Choice

A weighted moving average method that calculates the average of a time series by giving recent demands more weight than earlier methods is called

• A) seasonally adjusted smoothing.
• B) exponential smoothing.
• C) multiplicative seasonal method.
• D) cumulative tracking error.

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Definitions:

Nonconforming Goods

Goods delivered by a vendor that do not meet the specifications or quality standards agreed upon in a contract.

Specified Goods

Items that are explicitly defined or identified in a transaction or contract.

Contract

An agreement based on mutual promises between two or more competent parties to do or to refrain from doing some particular thing that is neither illegal nor impossible. The agreement results in an obligation or a duty that can be enforced in a court of law.

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