Demand over the past three months has been 120, 135 and 114 units. Use a three- month moving average to calculate the forecast for the fourth month.
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Q6: The formula for the seasonal index is:
A)
Q7: Exponential smoothing:
A) will detect trends
B) will lag
Q8: Forecast error must be measured before it
Q9: To guard against inherent error in forecasting:
A)
Q10: _forecasting is most useful in forecasting the
Q12: Demand over the past six months has
Q13: Bias:
A) occurs when actual demand is consistently
Q14: Discuss the major characteristics or principles of
Q15: The forecast is 100 units a week.
Q16: Discuss the major classifications of forecasting methods.
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