Given an Actual Demand of 50, Its Forecast of 53

question 47

Multiple Choice

Given an actual demand of 50, its forecast of 53, and an α of .2, what would be the forecast for the next period using exponential smoothing?

• A) 52.4
• B) 58.9
• C) 61.0
• D) 50.6

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Definitions:

Epinephrine

A biochemical substance, also referred to as adrenaline, that acts as both a hormone and a neurotransmitter, playing a crucial role in the body's fight-or-flight mechanism.

Thyroid Hormone

Hormones produced by the thyroid gland, crucial for regulation of metabolism, energy generation, and developmental growth.

Insulin Levels

Insulin levels refer to the amount of insulin, a hormone produced by the pancreas, present in the bloodstream, crucial for regulating blood sugar levels and metabolism.

Midday

Refers to the middle of the day, typically around noon.