If the given time series has no trend and no seasonality, which of the following is the most appropriate forecasting model to determine the forecast of the time series?
A) the single moving average model
B) the seasonal additive model
C) the double exponential smoothing model
D) the Holt-Winters additive model
A
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Branding is ________
A) all about creating unanimity between products B) the process of performing market research and selling products or services to customers C) endowing products and services with the power of a brand D) the process of comparing competing brands available in the market E) use of online interactive media to promote products and brands
The Lennon Company uses a standard costing system and a flexible budget. At a normal level of activity of 15,000 units and 45,000 standard direct labor hours, the standard direct labor cost would be $270,000. During June, 44,950 hours were worked to produce 14,000 units at an actual direct labor cost of $352,000. The direct labor efficiency variance in June was
A) $25,700 (U). B) $17,700 (U). C) $17,700 (F). D) $25,700 (U).