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Using the data in the table, what is the naive forecast of monthly income for April? (Round to two [2] decimal places.) O $74.80K O $72.93K O $73.55K O$75.11K O $70.28K QUESTION 39 Using the data in the table for part 38, what is the simple 3-month simple moving average forecast for monthly income for April? (Round to two [2] decimal places) O $74.80K O $72.93K O $73.55K O $75.11K O $70.28K

Using the data in the table, what is the naive forecast of monthly income for April? (Round to two [2] decimal places.) O $74.80K O $72.93K O $73.55K O$75.11K O $70.28K QUESTION 39 Using the data in the table for part 38, what is the simple 3-month simple moving average forecast for monthly income for April? (Round to two [2] decimal places) O $74.80K O $72.93K O $73.55K O $75.11K O $70.28K

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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QUESTION 38 Monthly income, in thousands of dollars ($K), at the Acme Law Firm for the six-month period from October to March is listed in the table below. month income, $K Oct 69.3 Nov 68.6 Dec 69.4 Jan 71.7 Feb 72.3 Mar 74.8 Using the data in the table, what is the naive forecast of monthly income for April? (Round to two [2] decimal places.) O $74.80K O $72.93K O $73.55K O $75.11K O $70.28K QUESTION 39 Using the data in the table for part 38, what is the simple 3-month simple moving average forecast for monthly income for April? (Round to two [2] decimal places.) O $74.80K O $72.93K O $73.55K O $75.11K O $70.28K QUESTION In
Transcribed Image Text:QUESTION 38 Monthly income, in thousands of dollars ($K), at the Acme Law Firm for the six-month period from October to March is listed in the table below. month income, $K Oct 69.3 Nov 68.6 Dec 69.4 Jan 71.7 Feb 72.3 Mar 74.8 Using the data in the table, what is the naive forecast of monthly income for April? (Round to two [2] decimal places.) O $74.80K O $72.93K O $73.55K O $75.11K O $70.28K QUESTION 39 Using the data in the table for part 38, what is the simple 3-month simple moving average forecast for monthly income for April? (Round to two [2] decimal places.) O $74.80K O $72.93K O $73.55K O $75.11K O $70.28K QUESTION In
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