Forecast sales using 4-week weighted moving averages with weights 0.4, 0.3, 0.2 and 0.1.   Week Sales 1 39 2 44 3 40 4 45 5 38 6 43 7 39   The Mean Absolute Deviation (MAD) would be: a. 1.96 b. 3.77 c. 2.96 d. 3.07

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  1. Forecast sales using 4-week weighted moving averages with weights 0.4, 0.3, 0.2 and 0.1.

 

Week

Sales

1

39

2

44

3

40

4

45

5

38

6

43

7

39

 

The Mean Absolute Deviation (MAD) would be:

a. 1.96

b. 3.77

c. 2.96

d. 3.07

 

2. The table below shows the mark scheme for three students doing Business and Economic Calculus.

                                                                  Grades in %

Course requirements %

Kwesi

Onaji

Chevaneese

Zaim

Quiz 10%

 

Sectional 30%

 

Assignment 20%

 

Final Exam 40%

60

 

83

 

74

 

92

96

 

85

 

86

 

51

88

 

90

 

79

 

60

94

88

76

81

                                                     

Which student got the highest overall grade?

a. Kwesi

b. Onaji

c. Chevaneese

d. Zaim

Instruction: This exam consists of two (2) multiple choice questions. Each question requires deep analysis. Circle the appropriate response for each question. A detailed working out should accompany the responses.

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