A Company Is Using Exponential Smoothing to Develop Its Forecast

question 4

Multiple Choice

A company is using exponential smoothing to develop its forecast. It should choose an alpha factor:

• A)with a very low value
• B)of 0.5
• C)with a very high value

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Definitions:

Behavior Modeling

A technique used in training and psychology that involves learning through the observation and replication of others' behaviors, highlighting the importance of imitation in learning.

Communication Skills

The ability to effectively convey, receive, and interpret messages, both verbally and non-verbally, between people.

Business Organizations

Structured entities built to conduct commercial activities or provide goods and services, operating under a defined set of rules and regulations.

Associative Learning

A learning process in which a connection is made between two stimuli or a stimulus and a response, foundational to behavioral psychology.