Multiple Choice
A company wants to forecast demand using the simple moving average.The company uses four positive prior yearly (2013, 2014, 2105 and 2016) sales values.All yearly sales figures are unique (no repetitions) .Which of the following is most accurate about the moving average forecast for year 2017?
A) Has to be smaller than at least one of the four yearly sales figures.
B) Has to be larger than at least one of the four yearly sales figures.
C) Has to be between the smallest and largest yearly sales figures.
D) Has to greater than all four yearly sales figures.
E) A, B and C only
Correct Answer:
Verified
Correct Answer:
Verified
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