Multiple Choice
The business analyst for Ace Business Machines,Inc.wants to forecast this year's demand for manual typewriters based on the following historical data:
Time Period :Demand
5 years ago :900
4 years ago : 700
3 years ago : 600
2 years ago :500
Last year :300
-What is the forecast for this year using the last-value forecasting method?
A) 49
B) 50
C) 52
D) 65
E) 78
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Given forecast errors of -5,-10,and 15,what is
Q1: The mean absolute deviation is more sensitive
Q3: The president of State University wants
Q4: The mean absolute deviation is used to:<br>A)estimate
Q11: The last-value forecasting method is most useful
Q11: Professor Z needs to allocate time among
Q15: Forecasting techniques such as moving-average, exponential smoothing,
Q29: Gradual, long-term movement in time-series values is
Q63: Forecasts are rarely perfect.
Q71: A smoothing constant of 0.1 will cause