A Rendering Plant Wishes to Use the Data (Sales Records

question 23

Multiple Choice

A rendering plant wishes to use the data (sales records from a few local businesses and the month of the year) to help determine their supply level for the coming months. The records shown in the table provide an excellent opportunity for you to assist them with their forecasting.
$$\begin{array} { | c | c | c | } \hline \text { Month } & \text { Sales } & \text { Pounds } \\\hline \text { Tanuary } & 45 & 54.3 \\\hline \text { February } & 57 & 63.8 \\\hline \text { March } & 32 & 39.5 \\\hline \text { April } & 44 & 49.8 \\\hline \text { May } & 51 & 52.3 \\\hline \text { Tune } & 34 & 39.9 \\\hline\end{array}$$
-What is a three-period moving average forecast for the month of July?

• A) 47.33
• B) 46.10
• C) 45.38
• D) 44.29

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Definitions:

Product Sellers

Entities that offer goods or services for sale to consumers.

Business Cycle

The fluctuations in economic activity that an economy experiences over a period, consisting of expansion and contraction phases.

Credit Expansion

refers to the increase in the availability of loans or credit in an economy, often leading to increased investment and consumption.

Malinvestment

The allocation of resources in a manner where the return does not justify the initial investment, often due to poor planning or understanding of the market.