Use the Data Given Below to Answer the Following Question(s)

question 26

Multiple Choice

Use the data given below to answer the following question(s) .
The details of the clock sales at a supermarket for the past 6 weeks are shown in the table below. The time series appears to be relatively stable, without trend, seasonal, or cyclical effects. The simple moving average value of k is set at 2. $$\begin{array} { | c | c | } \hline \text { Week } & \text { Units sold } \\\hline 1 & 88 \\\hline 2 & 44 \\\hline 3 & 54 \\\hline 4 & 65 \\\hline 5 & 72 \\\hline 6 & 85 \\\hline\end{array}$$
-If the smoothing constant is assumed to be 0.7, and setting F1 and F2 = A1, the exponential smoothing sales forecast for week 7 is approximately .

• A) 50 clocks
• B) 80 clocks
• C) 60 clocks
• D) 70 clocks

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Definitions:

Situational Factors

Elements that influence the effectiveness of a particular leadership style or management approach, depending on the context or environment.

Charisma

A personal quality that gives an individual influence or authority over large numbers of people, often associated with captivating and compelling leaders.

Trait Approach

An approach in psychology and leadership studies that suggests certain individual characteristics and qualities can make effective leaders.

Trait

A characteristic or quality that defines an individual and influences their behavior or attitudes.