If a Researcher Is Using Exponential Smoothing and Determines That

question 102

Multiple Choice

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

• A)p/q
• B)q/p
• C)1 − q/(p + q)
• D)1 − p/(p + q)
• E)1/(p + q)

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Definitions:

Specialization

The situation in which each person specializes in the task that he or she is good at performing.

Absolute Advantage

The ability of an individual or economy to produce a good or service more efficiently than competitors using the same amount of resources.

Cars

Motor vehicles with four wheels designed primarily for passenger transportation and commonly powered by internal combustion engines.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service more efficiently than competitors, using fewer resources.