The following information is for Questions 30-33: A firm's demand data from the last two quarters is displayed in the table. Month Demand January 154 February 148 March 214 April 210 May 225 June 246 30. What is the forecast for July's demand if using the three-period moving average? A. 172 B. 218 C. 227 D. 240 31. Use a three period weighted moving average to forecast July's demand with the weight for the previous month -50%, two months ago=20% and three months ago = 30%. A. 225.0 B. 231.0 C. 246.0 D. 77.0 32. What is the forecast error (FE) for January if using a last period forecasting technique? A. 200 B. 154 C. 246 D. The forecast error cannot be calculated 33. What is the forecast error (FE) for June if using a three-period moving average? A. -9.3 B. -29.7 C. 29.7 D. The forecast error cannot be calculated

The following information is for Questions 30-33: A firm's demand data from the last two quarters is displayed in the table. Month Demand January 154 February 148 March 214 April 210 May 225 June 246 30. What is the forecast for July's demand if using the three-period moving average? A. 172 B. 218 C. 227 D. 240 31. Use a three period weighted moving average to forecast July's demand with the weight for the previous month -50%, two months ago=20% and three months ago = 30%. A. 225.0 B. 231.0 C. 246.0 D. 77.0 32. What is the forecast error (FE) for January if using a last period forecasting technique? A. 200 B. 154 C. 246 D. The forecast error cannot be calculated 33. What is the forecast error (FE) for June if using a three-period moving average? A. -9.3 B. -29.7 C. 29.7 D. The forecast error cannot be calculated

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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