Please select the appropriate answer for all 5 questions and then click the submit exam for grading button at the end of the page.

Question 1. What is the advantage of N-period moving averages method over simple mean forecasting method? (a) easy to use (b) not sensitive to a shift in recent data (c) needs space to maintain only the "N" most recent periods of data points (d) none of the above

Question 2. The demand for certain items is given for 6 consecutive months as follows: 45, 50, 42, 40, 48, 52. What is the forecasted demand for 7th month if three period moving average is applied? (a) 46.2 (b) 46.66 (c) 46.4 (d) 50

Question 3. For Question 2, what is the forecasted demand for the 7th month if five period moving average is applied? (a) 46.6 (b) 46.4 (c) 46.2 (d) 46

Question 4. For question 2, what is the forecasted demand for the 7th month if three period weighted moving average with weighing scheme of 0.5, 0.3, 0.2 is applied? (a) 46.4 (b) 48 (c) 48.4 (d) 46

Question 5. For question 2, what is the forecasted demand for the 7th month if simple mean forecasting method is applied? (a) 46.16 (b) 46 (c) 46.4 (d) 48