A company wants to forecast demand using the weighted moving…

A company wants to forecast demand using the weighted moving average. If the company uses two prior yearly sales values (i.e., year 2015= 110 and year 2016= 130), and we want to weight year 2015at 10 percent and year 2016at 90 percent, which of the following is the weighted moving average forecast for year 2017?

If a vendor has correctly used marginal analysis to select i…

If a vendor has correctly used marginal analysis to select its stock levels for the day (as in the newsperson problem in the text), and if the profit resulting from the last unit being sold ( Cu) is $0.90 and the loss resulting from that unit if it is not sold ( Co) is $0.50, which of the following is the probability of the last unit being sold?