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Table 108
a Manager Wants to Forecast the Monthly Demand
for

question 185

Multiple Choice

Table 10.8
A manager wants to forecast the monthly demand
for a machine the company produces.
 Month  No. Machines  Sold 150265352456555660\begin{array} { | c | c | } \hline \text { Month } & \begin{array} { c } \text { No. Machines } \\\text { Sold }\end{array} \\\hline 1 & 50 \\2 & 65 \\3 & 52 \\4 & 56 \\5 & 55 \\6 & 60 \\\hline\end{array}
-Use the information in Table 10.8.Calculate the MAD for months 4 through 6 for the three-month moving average forecasts.


Definitions:

Qualified Endorsement

An endorsement on a negotiable instrument that includes conditions limiting the liability of the endorser.

Special

Distinguished by a unique or particular quality, different from the norm.

Trust Endorsement

An endorsement that is used when the instrument is being transferred to an agent or trustee for the benefit of either the endorser or a third party; gives the endorser the rights of a holder.

Agent

An individual authorized to act on behalf of another person or entity in business transactions or legal matters.

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