Over Time, Spending on ________ Is "Smoother" Than Spending on ________

question 83

Multiple Choice

Over time, spending on ________ is "smoother" than spending on ________.

• A) durable goods; services
• B) nondurable goods; durable goods
• C) services; nondurable goods
• D) durable goods; service

---

Definitions:

Exponential Smoothing

A forecasting technique that applies decreasing weights to past observations to predict future values.

Past Demand Data

Historical information on consumer demand for goods or services, used for forecasting and planning purposes.

Six-Week Moving Average

A method of smoothing data by calculating the average of six consecutive weeks' worth of data, continuously updated by adding the newest week and dropping the oldest week.

Point-Of-Sale Computers

Electronic systems used at retail checkout points to process sales transactions, manage inventory, and perform a variety of other retail management functions.