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The Past Monthly Demands Are Shown Below

Question 6

Multiple Choice

The past monthly demands are shown below. The naïve method, that is, the one-period moving average method, is applied to make forecasts. The past monthly demands are shown below. The naïve method, that is, the one-period moving average method, is applied to make forecasts. If the demand in May appears to be 35, what is the residual (error) for May? A) 35 B) 0 C) 68.75 D) 6.25 If the demand in May appears to be 35, what is the residual (error) for May?


A) 35
B) 0
C) 68.75
D) 6.25

Correct Answer:

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