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Decision making techniques 3.3

Decision making techniques 3.3

Assessment

Flashcard

Business

12th Grade

Practice Problem

Hard

Created by

Gabrielle Lambert

FREE Resource

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21 questions

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1.

FLASHCARD QUESTION

Front

Extrapolation

Back

When the trend line is extended to forecast future sales.

2.

FLASHCARD QUESTION

Front

Four period moving average

Back

The average figure based on four time periods (often quarters of a year). It 'moves with time' and is usually calculated using centring, based on an 8 period total.

3.

FLASHCARD QUESTION

Front

Line of best fit

Back

A line that goes roughly through the middle of all the scatter points on a graph.

4.

FLASHCARD QUESTION

Front

Moving averages

Back

A succession of averages derived from successive segments of a series of values.

5.

FLASHCARD QUESTION

Front

Quantitative sales forecasting

Back

Involves making future predictions based on trends identified from past data, such as time-series analysis.

6.

FLASHCARD QUESTION

Front

Scatter graphs

Back

A graph showing the performance of one variable against another independent variable on a variety of occasions.

7.

FLASHCARD QUESTION

Front

Three period moving average

Back

An average calculated by adding 3 periods up and dividing by 3.

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