Answer the Following Questions) Using Exponential Smoothing After Having Optimized

question 21

Multiple Choice

Answer the following questions) using exponential smoothing after having optimized α at 0.1 increments.
-In the linear trend equation Ft+k = at + btk, identify the term that signifies the trend.

• A) bt
• B) k
• C) at
• D) Ft + k

---

Definitions:

Significance Test

A statistical procedure used to test if the observed results significantly differ from what was expected under the null hypothesis.

T Test Statistic

A value used in hypothesis testing, calculated from sample data, to assess the compatibility of the sample with a null hypothesis concerning the mean.

Random Sample

A sample drawn from a population in a way that gives each individual an equal chance of being selected, used to achieve representativeness.

Service Time

The period required to complete a process or fulfill a request.