The Following Table Includes the Information About a Monthly Time

question 42

Multiple Choice

The following table includes the information about a monthly time series. When a forecast is made by the three-month moving average method,all three monthly observations used to make this forecast are treated equally in the sense that each of them has the same weight of 1/3.What is the forecast for May when the three-month weighted moving average method is applied with the weights: 1/6,2/6,and 3/6? Assign the smallest weight to the oldest data and the largest weight to the most recent data.

• A) 19.00
• B) 24.00
• C) 18.67
• D) 21.17

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Definitions:

Anxiety

A feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.

Poor Performance

Refers to a situation where an individual or group fails to meet established standards or objectives.

Satisfaction

The feeling of fulfillment or pleasure that arises from achieving one's goals or having one's needs or expectations met.

Complacency

A feeling of self-satisfaction accompanied by a lack of awareness of potential dangers or deficiencies.