Table 11.1. -Use the Information in Table 11.1. What Would Be the What

question 179

Multiple Choice

Table 11.1.


-Use the information in Table 11.1. What would be the forecast for September if the exponential smoothing technique were used? (a = 0.30 and the forecast for March was 55)

• A) less than or equal to 65
• B) greater than 65 but less than or equal to 67
• C) greater than 67 but less than or equal to 69
• D) greater than 69

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Definitions:

Celler-Kefauver Act

A United States antitrust law passed in 1950 to prohibit certain mergers and acquisitions that could lead to a decrease in competition.

Lessen Competition

A situation or strategy in which there is a reduction in the intensity of competitive forces within a market or industry.

Patent Legislation

Laws that grant inventors exclusive rights to their inventions, preventing others from making, using, or selling the invention without permission.

Federal Trade Commission

A federal agency established to promote consumer protection and the elimination and prevention of anticompetitive business practices.