Given the Following Data on the Number of Pints of Ice

question 49

Multiple Choice

Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6-period time frame:
$$\begin{array} { c c } \text { Period } & \text { Demand } \\\hline 1 & 200 \\2 & 245 \\3 & 190 \\4 & 270 \\5 & 280 \\6 & 300 \\\hline\end{array}$$
-Use a 2-period moving average to forecast demand for period 7.

• A) 227.5
• B) 275
• C) 280
• D) 290

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Definitions:

Japan

An East Asian island nation characterized by its rich culture, technological advancements, and historical significance.

China

A country in East Asia, the world's most populous nation, with a rich history, culture, and rapidly growing economy.

Probability

A branch of mathematics concerned with measuring the likelihood of a specific event's occurrence, expressed as a number between 0 and 1.

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