Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Consider the data below:
Month
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Demand
259
319
214
289
349
274
334
199
349
349
349
Predict the demand for December using 4-period moving average.
a. 415
O b. 270
O c. 264
O d. 349
O e. 311
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