A Company Wants to Generate a Forecast for Unit Demand

question 5

Multiple Choice

A company wants to generate a forecast for unit demand for year 2018 using exponential smoothing. The actual demand in year 2017 was 120. The forecast demand in year 2017 was 110. Using this data and a smoothing constant alpha of 0.1, which of the following is the resulting year 2018 forecast value?

• A) 100
• B) 110
• C) 111
• D) 114
• E) 120

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Definitions:

Transformative Theory

A perspective in conflict resolution that focuses on changing the quality of interpersonal relationships and the social structure through empowerment and recognition.

Collectivist Theory

A theory that emphasizes the importance of groups and collective goals over individual desires or needs.

Aggressive System

A pattern or mechanism within a system (social, biological, or psychological) that leads to aggressive behaviors or responses.

Snide Comments

Sarcastic or mocking remarks meant to insult or undermine someone.