Given an Actual Demand of 61, Forecast of 58, and α

question 37

Multiple Choice

Given an actual demand of 61, forecast of 58, and α of .3, what would the forecast for the next period be using simple exponential smoothing?

• A) 57.1
• B) 58.9
• C) 61.0
• D) 65.5

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Definitions:

F-test Statistic

A ratio of variances used in hypothesis testing to compare statistical models or variances across groups.

Population Variances

The measure of how data points in an entire population are spread out.

Population Variances

Measures of the dispersion of a population data set, reflecting how much the members of the population differ from the population mean.

Ratio

A quantitative relationship between two numbers, indicating how many times one value is contained or can contain the other.