An Operation Analyst Is Forecasting This Year's Demand for One

question 32

Multiple Choice

An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data: What is this year's forecast using exponential smoothing with alpha = .2,if last year's smoothed forecast was 15,000?

• A)20,000
• B)19,000
• C)17,500
• D)16,000
• E)15,000

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Definitions:

Motivation

Refers to the factors and forces that drive an individual to engage in particular behaviors or pursue certain goals.

Satisfying

Fulfilling or meeting expectations, needs, or desires.

Parkinson's Law

The adage that "work expands to fill the time available for its completion," suggesting efficiency decreases as the amount of time allowed increases.

Motivates

Provides a reason or stimulus for someone to act in a particular way or to achieve a goal.