Using the Latest Value in a Sequence of Data to Forecast

question 25

Multiple Choice

Using the latest value in a sequence of data to forecast the next period is:

• A) a moving-average forecast.
• B) a last-value forecast.
• C) an exponentially smoothed forecast.
• D) a causal forecast.
• E) None of the answer choices is correct.

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Definitions:

Drawee

Bank that drawer has an account with.

Credits Account

A financial record that boosts a liability or equity account, or lowers an asset or expense account.

Drawee

The party in a bill of exchange who is directed to pay the specified amount, typically a bank.

Co-signer

An individual who signs a loan or credit application with another person, promising to pay the debt if the primary borrower does not.