The Past Monthly Demands Are Shown Below

question 117

Multiple Choice

The past monthly demands are shown below.The naïve method,that is,the one-period moving average method,is applied to make forecasts. What is the mean square error of the forecasts?

• A) −1.67
• B) 275.00
• C) 91.67
• D) 8.33

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Definitions:

Managerial Control

The process by which an organization's management ensures that its resources are being used effectively and efficiently in the achievement of the organization's objectives.

Joint Control

a management or operational strategy where two or more parties share decision-making authority and responsibility.

Leadership Styles

Different approaches or methods that leaders use to guide, motivate, and manage teams or organizations, each with its own unique set of behaviors and techniques.

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The ability to perform a specific task or function with proficiency, often relating to technical or specialized skills.