# BUSN 278 Week 1 Quiz

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## BUSN 278 Week 1 Quiz

 1 Question : (TCO 1) The budgeting method that seeks input from all levels in a company is known as:
 Student Answer: continuous budgeting top-down budgeting participative budgeting strategic planning

2.Question :(TCO 2) Using the table “Gasoline Sales Time Series”, calculate the forecast for gasoline sales (in thousands) for Week 13 using a three day moving average.

 Gasoline Sales Time Series Week Sales (000’s of gallons) 1 17 2 21 3 19 4 23 5 18 6 16 7 20 8 18 9 22 10 20 11 15 12 22
 Student Answer: 18.50 19.00 19.50 20.00

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3.Question :(TCO 2) Using the table “Computer Sales Time Series”, calculate the mean absolute deviation for a six day moving average.

 Computer Sales Time Series Week Sales (in thousands) 1 2 2 4 3 5 4 3 5 6 6 7 7 5 8 8 9 4 10 2 11 3 12 5
 Student Answer: 1.86 2.94 3.89 5.39

4.Question :(TCO 2) Using the table “Computer Sales Time Series”, calculate the forecast for computer sales (in thousands) for Week 13 using a three day weighted moving average. Use a weight of .40 for the most recent observation, .35 for the second most recent, and .25 for the third most recent.

 Computer Sales Time Series Week Sales (in thousands) 1 2 2 4 3 5 4 3 5 6 6 7 7 5 8 8 9 4 10 2 11 3 12 5
 Student Answer: 2.90 3.55 4.10 5.65

5.Question :(TCO 2) Using the table “Paint Sales Time Series”, calculate the forecast for paint sales (in thousands) for Week 11 using exponential smoothing and a smoothing constant of .20.

 Paint Sales Time Series Week Sales (000’s of gallons) 1 6 2 8 3 10 4 9 5 11 6 12 7 10 8 8 9 7 10 9
 Student Answer: 6.40 7.97 8.64 9.17