44.__________ is a gradual, long-term, up or down movement of demand.

A) Seasonal pattern

B) Cycle

C) Trend

D) Prediction

45.A __________ is an up-and-down repetitive movement that repeats itself over a time span of more than 1 year.

A) prediction

B) seasonal pattern

C) trend

D) cyclical pattern

46.A __________ is an up-and-down repetitive movement that repeats itself over a time span of less than 1 year.

A) prediction

B) seasonal pattern

C) trend

D) cyclical pattern

47.The _________________ tells us how much of the change in the dependent variable (Y) is explained by the change in the independent variable (X) for a causal forecasting model.

1. standard error
2. correlation coefficient
3. coefficient of determination
4. slope of the regression line

48. If the following represents sales data for the first 5 months of 2021, what is the forecast for June, 2021 if a 3-month moving average is used?

a. 10000

b. 11000

c. 9000

d. 12000

49. Using the data above, what is the forecast for June if a 3-year weighted moving average is used? Use 2 for the oldest, 3 for the next oldest, and 5 for the most recent.

A11,100

B11,200

C11,300

D.11,400

50.Consider the following graph of sales.

Which of the following characteristics is exhibited by the data?

A) Trend only

B) Trend plus seasonal

C) Trend plus irregular

D) Seasonal

E) None of the above