If a Researcher Is Using Exponential Smoothing and Determines That

question 27

Multiple Choice

If a researcher is using exponential smoothing and determines that the forecast for the next period (F_{t + 1}) is the average of the actual value for the previous period (X_t) and the forecast value for the previous period (F_t) , then α = ______.

• A)0.35
• B)0.40
• C)0.50
• D)0.55
• E)there is not enough information to determine the value of α

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Definitions:

Folkways

Norms or customary behaviors that are socially approved but not morally significant, dictating appropriate manners and actions in daily routines and interactions.

Severe Punishment

Harsh or extreme disciplinary actions taken in response to an individual's wrongdoing, often intended as a deterrent against future offenses.

Norms

The unwritten rules or standards of behavior considered acceptable within a society or social group.

Consumerism

The social and economic order that encourages the acquisition of goods and services in ever-increasing amounts.