Table 8.7 a Sales Manager Wants to Forecast Monthly Sales of the of the Machines

question 101

Multiple Choice

Table 8.7
A sales manager wants to forecast monthly sales of the machines the company makes using the following monthly sales data.

-Use the information in Table 8.7. Forecast the monthly sales of the machine for month 9, using the three-month moving-average method.

• A) $3,728
• B) $4,085
• C) $3,880
• D) $3,277

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Definitions:

Savings And Loan

A financial institution that specializes in accepting savings deposits and making mortgage and other loans.

FDIC

The Federal Deposit Insurance Corporation, a United States government agency that provides deposit insurance to depositors in US banks.

Speculative

Actions based on conjecture rather than knowledge, often in the context of investment, involving risks with the hope of substantial gains.

Interest Rate

The rate, represented as a fraction of the total loan, charged by a credit provider to a loan recipient for borrowing funds or assets.