Final answer:
The LPM for August is the number of items produced per minute in August. The 2-month MA for April is the average of the number of items produced in April and March. The difference between the forecast for April and the actual one shown in the chart is the variation between predicted and actual numbers. The 4-month MA for August is the average of the number of items produced in August, July, June, and May.
Step-by-step explanation:
The LPM for August is the number of items produced per minute in the month of August. If you have the total number of items produced in August and divide it by the number of minutes in August, you will get the LPM for August.
The 2-month MA for April is the average of the number of items produced in April and the number of items produced in March. You add up the number of items produced in April and March, and then divide by 2 to get the 2-month MA for April.
The difference between the forecast for April and the actual one shown in the chart is the variation between the predicted number of items to be produced in April and the actual number of items produced in April. You subtract the forecasted number from the actual number to find the difference.
The 4-month MA for August is the average of the number of items produced in August, July, June, and May. You add up the number of items produced in these four months and then divide by 4 to get the 4-month MA for August.
The complete question is: content loaded
What is the LPM for August?
What was the 2-month MA for April?
What is the difference between the forecast for April and the
actual one shown in the chart?
What is the 4 month MA for August" is: