If Brandon Edward were working to develop a forecast using a moving averages approach, but he noticed a detectable trend in the historical data, he should:

A) use weights to place more emphasis on recent data.
B) use weights to minimize the importance of the trend.
C) change to an associative multiple regression approach.
D) use a simple moving average.
E) change to a qualitative approach.


A

Business

You might also like to view...

Supercenters retail grocery items as well as a huge selection of nonfood merchandise

Indicate whether the statement is true or false

Business

Dapper Hat Makers is in the business of designing and producing specialty hats. The material used for derbies costs $4.50 per unit, and Dapper pays each of its two full-time employees $250 per week. If the employees make 50 derbies in one week, what is the fixed cost per derby? (Round to two decimal places where necessary.)

a. $4.50 b. $5.00 c. $10.00 d. $14.50

Business

The maximum amount of punitive damages recoverable for malicious violations of the Civil

Rights Act of 1964 depends on the number of employees in the business. Indicate whether the statement is true or false

Business

A paint manufacturer's production process is normally distributed with a mean of 100,000 gallons and a standard deviation of 10,000 gallons

Management wants to create an incentive bonus for the production crew when the daily production exceeds the 94th percentile of the distribution. At what level of production should management pay the incentive bonus?

Business