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When New Products Show a Steady Increase in Sales,a Low

question 44

True/False

When new products show a steady increase in sales,a low alpha value for the smoothing constant should be used in conjunction with the exponential smoothing technique in order to minimize forecast errors.


Definitions:

Motive

An internal driving force that causes a person to take action or behave in a certain way.

Drive

An innate, biologically determined urge to attain a goal or satisfy a need.

Goal

A desired outcome or target that an individual or group aims to achieve through their actions or efforts.

High-Level

Pertains to concepts, processes, or operations that are abstract, complex, or involve overarching principles or ideas.

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