Refer to the Following Data What Is the Last-Value Forecast for the Next Period?
A)

question 67

Multiple Choice

Refer to the following data:
$$\begin{array} { | c | c | } \hline \text { Perind } & \text { Demand } \\\hline 1 & 58 \\\hline 2 & 59 \\\hline 3 & 60 \\\hline 4 & 61 \\\hline\end{array}$$
What is the last-value forecast for the next period?

• A) 58
• B) 62
• C) 60
• D) 61
• E) None of the answer choices is correct.

Analyze scenarios with multiple outcomes and probabilities to determine the expected value.

Understand the definition and role of a random variable in determining outcomes.

Evaluate investment opportunities based on their success probabilities and resulting value.

Apply the concept of expected value to real-world scenarios such as carnival games and software development decisions.

---

Definitions:

Objective

A specific, measurable, attainable, relevant, and time-bound goal that an individual or organization aims to achieve.

Price Increases

Price increases refer to the action of raising the cost at which goods or services are sold, often in response to factors like inflation, increased production costs, or higher demand.

Price Decreases

A reduction in the cost at which goods or services are sold to consumers or businesses.

Consumers

Individuals or organizations that purchase or use goods and services for personal use or consumption.