Exhibit 18.1.The past monthly demands are shown below.The naïve method,that is,the one-period moving average method,is applied to make forecasts.
Refer to Exhibit 18.1.If May's demand appears to be 35,what is the residual (error) for May?
A) 35
B) 0
C) 68.75
D) 6.25
Correct Answer:
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