Trend or seasonal effects but random fluctuations

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Reference no: EM132163400

1. Which of the following techniques is most appropriate to use for data with no trend or seasonal effects but random fluctuations?

Regression

Seasonal Decomposition

Simple Moving Average

Mean Absolute Deviation

2. Sean told the store clerk at REI that he wanted the tent that was advertised in the Sunday paper; one that would keep him comfortable if the temperature drops to 5 degrees Fahrenheit. The clerk told Sean they were sold out of that tent, but there were two other styles that would meet his needs and were the same price. Sean insisted he wanted the advertised bag and threatened to sue for breach of contract. Which is true?

a. REI is guilty of “bait and swap.”

b. Sean will prevail in his case, as REI is responsible for having sufficient stock of advertised items.

c. Sean will not prevail, as the advertisement was simply an invitation to negotiate.

d. REI must provide Sean with a raincheck, ensuring he can buy the same tent at the sales price at a later date.

3. Office Max ordered 500 boxes of paper from Seattle Paper. Office Max placed the order using a preprinted purchase order form; Seattle Paper acknowledged the order by sending a preprinted acceptance form back to Office Max. Unlike Office Max's form which says nothing about packaging, Seattle Paper's form specifies that the paper will be packaged in cases of 20 per box, 20 boxes per case. Which statement is correct?

a. The UCC does not cover paper

b. Seattle Paper's packaging term is a different term which materially changes the offer. There is no contract.

c. Seattle Paper's packaging term is an additional term and therefore a part of the contract unless Office Max promptly objects to the term.

d. The UCC does not cover the contract because both parties are merchants.

Reference no: EM132163400

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