A commodity is a raw material or primary agricultural product that can be bought and sold, such as copper or coffee. It is a useful or valuable thing.
Answer:
weighted moving average
Explanation:
Of all these 4 options, the weighted moving average is the most accurate, as it is possible to place specific weights according to their significance.
The other techniques, such as an average, straight line, or exponential curve, assume things. The weighted average can change to any form.
However, the weighted average can be complicated to use if a long time frame is taken.
Additionally, the consumer will most likely want to adjust the weights as time periods pass. That will contribute to the complexity of applying the methods to a wide range of applications, such as predicting inventory item demand.
Hence, the first option is correct
Yes, the annual fuel cost is different between the Guzzler and Non-Guzzler vehicles.
<h3>What is Guzzler vehicles?</h3>
- In colloquial usage, a car that is thought to use a lot of fuel is referred to as a gas guzzler.
- The IRS was in charge of collecting the gas guzzler tax, which only applied to cars (not trucks).
- Other nations have imitated this move and implemented their own gas-guzzler taxes, such as Canada's "green levy."
- As a part of the Energy Tax Act, the US government implemented the Gas Guzzler Tax.
- When the Corporate Average Fuel Economy (CAFE) regulations were created, the fee was also implemented to charge the purchase of inefficient automobiles.
- Light trucks are not subject to the Gas Guzzler Tax; only vehicles designated as cars are.
- The tax has been in place since 1991 and is applicable to vehicles having a combined fuel economy rating of less than 17.5 mpg US (13.4 L/100 km; 21.0 mpg imp).
Learn more about Gas guzzler here:
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