Question: There are three problems: parts 39 to 47 . Read each part of each problem carefully and answer exactly what is asked. For each of

There are three problems: parts 39 to 47 . Read

There are three problems: parts 39 to 47 . Read each part of each problem carefully and answer exactly what is asked. For each of the following, there are five (5) possible responses labeled "a" through answers that item. 39. Monthly income in thousands of dollars (\$K) at the Acme Law Firm for the 13-month period from January to February of the next year is listed in the table below. You have made four different income forecasts for next February. Using MAD as the criterion, which forecast method is the most accurate? a. Naive b. 3-month simple moving average. c. Simple exponential smoothing with x=0.90. d. Regression. e. Indeterminate. QUESTION 47 Of all the forecasts that you have calculated, what is the best forecast value for monthly income for next February? (In units of SK, round to two [2] decimal places.) a. $75.50K b. $78.85K c. 576.55K d. $75.65K e. $75.67K

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