As a Consultant, You Have Been Thinking About Choosing the "Right

question 64

Multiple Choice

As a consultant, you have been thinking about choosing the "right" alpha (smoothing constant) for forecasting using exponential smoothing. Which of the following is most accurate about alpha?
A. If alpha is high, speed of reaction to changes in actually low.
B. If a firm produces standard product with relatively stable demand, alpha should be small.
C. Products experiencing growth should be assigned higher alpha value.
D. Alpha could be more than 1.0, and in this case (1-alpha) will become negative to make up for it.

• A) Choice A
• B) Choice B
• C) Choice C
• D) Choice D
• E) Choice B and C

Analyze the unique characteristics and structures of campaign organizations.

Understand the significance of having a majority in legislative chambers within a two-party system.

Acknowledge the importance of resources, volunteer efforts, and strategic planning in the success of a campaign.

Understand the classification and recording of advance payments from customers as liabilities.

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Definitions:

Insecta

The class within the phylum Arthropoda that includes insects, characterized by a three-part body, compound eyes, and one pair of antennae.

Biogeographic Province

A region defined by unique ecological and evolutionary processes that shape the distribution and diversity of species within it.

Marsupials

A group of mammals characterized by giving birth to relatively undeveloped offspring that typically continue to grow inside the mother's pouch.

Evolutionary Biologists

Scientists who study the evolutionary processes that have given rise to the diversity of life on Earth.