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:

Control Factor

An element or variable that is manipulated or held constant in a study or experiment to determine its effect on the outcome.

Independent Variable

In an experiment, the variable that is manipulated or changed to observe its effect on the dependent variable.

Dependent Variable

In research, the outcome factor that is measured to test the impact of variations in the independent variable.

Manipulation

In psychology, refers to the attempt to influence or control others' behaviors or emotions for one's own purposes, often without their awareness.