Consider the Following Demand and Forecast If MAD = 2 for the Four Periods Under Consideration

question 1

Multiple Choice

Consider the following demand and forecast.
$$\begin{array} { | c | c | c | } \hline \text { Period } & \text { Demand } & \text { Forecast } \\\hline 1 & 7 & 10 \\\hline 2 & 12 & 15 \\\hline 3 & 18 & 20 \\\hline 4 & 22 & \\\hline\end{array}$$
If MAD = 2 for the four periods under consideration, what is the forecast for period 4?

• A) 19
• B) 20
• C) 21
• D) 22

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Definitions:

Benefit

An advantage or profit gained from something, often used in the context of employment, insurance, or social welfare.

Logrolling

A practice in negotiation or politics where two parties agree to support each other's proposals or interests.

Outcome Probabilities

Outcome probabilities are the likelihood or chances that specific results will occur, often used in the context of predictive analysis or decision-making processes.

Timing

refers to the selection of the most suitable or effective moment to take action or make a decision, often crucial for success.