The Forecast Value for September Was 21 $\alpha$ = 030, the Forecast Value for October Would Be ______

question 50

Multiple Choice

The forecast value for September was 21.1 and the actual value turned out to be 18.Using exponential smoothing with $\alpha$ = 0.30, the forecast value for October would be ______.

• A)18.09
• B)18.93
• C)20.17
• D)21.00
• E)17.07

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Definitions:

Operating Objectives

Short-term goals that an organization aims to achieve, focusing on the daily functioning and operations.

SWOT Analysis

A strategic planning tool that helps organizations identify their Strengths, Weaknesses, Opportunities, and Threats.

Substitute Products

Goods or services that can serve as replacements for each other, satisfying the same customer need or want.

Resource Shortages

Situations where the demand for resources exceeds the supply, leading to operational or strategic challenges in an organization.