Questions 10-66 through 10-69 refer to the following:
An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data:
Year # sold
4 years ago 10,000
3 years ago 12,000
2 years ago 18,000
Last year 20,000
-What is the forecast for this year using a moving-average forecast based on the last four years?
A)22,000
B)20,000
C)18,000
D)15,000
E)12,000

Question

Questions 10-66 through 10-69 refer to the following:
An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data:
Year # sold
4 years ago 10,000
3 years ago 12,000
2 years ago 18,000
Last year 20,000
-What is the forecast for this year using a moving-average forecast based on the last four years?
A)22,000 
B)20,000 
C)18,000 
D)15,000 
E)12,000

Quizplus · Accepted Answer

The moving-average forecast is calculated by averaging the number of units sold over the last four years: (10,000 + 12,000 + 18,000 + 20,000) / 4 = 15,000.

Questions 10-66 Through 10-69 Refer to the Following