For the Demand Values and the January Forecast Shown in the Table

question 47

Multiple Choice

For the demand values and the January forecast shown in the table below,the exponential smoothing forecast for March using α = 0.40 is

• A)1200.
• B)1220.
• C)1222.
• D)1225.

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Definitions:

Marginal Product

The extra yield generated from the utilization of one additional unit of a certain input while maintaining the levels of all other inputs unchanged.

Labor Hours

The total number of hours worked by all employees of a company.

Acceptance

In contract law, the offeree's indication to the offeror that the offeree agrees to be bound by the terms of the offeror’s offer or proposal to form a contract.

Offer

A promise or commitment to do or refrain from doing some specified thing in the future.