Use the Data Given Below to Answer the Following Question(s)

question 48

Multiple Choice

Use the data given below to answer the following question(s) .
The table below shows the car sales from the year 2002-2007.The forecaster assumes a smoothing constant of 0.8 and uses the exponential smoothing model to determine the forecast for the future.
-From the data given above,the sales forecast for the year 2008 (in 000s) is ________.

• A)40.72 units
• B)47.34 units
• C)52.67 units
• D)62.53 units

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Definitions:

State-Owned Enterprise

A business entity that is owned and operated by the government to provide goods or services to the public.

Limited Liability Company

A business structure in the United States that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Private Corporation

An entity owned by private individuals or entities, not publicly traded, and not owned or operated by the government.

Sole Proprietorship Company

A business entity owned and operated by a single individual, with no legal distinction between the owner and the business.