The Business Analyst for Ace Business Machines, Inc What Is the Forecast for This Year Using the Last-Value

question 73

Multiple Choice

The business analyst for Ace Business Machines, Inc. wants to forecast this year's demand for manual typewriters based on the following historical data:
$$\begin{array} { | c | c | } \hline \text { Time Periad } & \text { Demand } \\\hline 5 \text { years ago } & 900 \\\hline 4 \text { years ago } & 700 \\\hline 3 \text { years ago } & 600 \\\hline 2 \text { years ago } & 500 \\\hline \text { Last year } & 300 \\\hline\end{array}$$
What is the forecast for this year using the last-value forecasting method?

• A) 163
• B) 180
• C) 300
• D) 467
• E) 510

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Definitions:

Georg Simmel

A German sociologist and philosopher who contributed to the foundations of sociology and the study of social forms and interactions.

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Individuals who live in urban areas characterized by high population density and vast human features in comparison to areas surrounding it.

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Gentrified

Refers to a process where a neighborhood undergoes urban renewal, leading to increased property values and displacing lower-income residents.