The Zocor Company Is Interested in Forecasting Period 13 Sales

question 68

Multiple Choice

The Zocor Company is interested in forecasting period 13 sales for a product. It has 12 months of historical data. The following shows the data and the forecasted values for periods 1-12 using a single exponential smoothing model with a smoothing constant value equal to 0.20. Which of the following would be the forecast for period 13?

• A) 40.3
• B) 39.2
• C) 34.7
• D) 36.5

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Definitions:

Line-judgment Task

A psychological task used to study conformity, in which participants must match lines of different lengths.

Wrong Answer

An incorrect response to a question or problem, often resulting from misunderstanding the question or lack of knowledge about the subject.

Research Participants

Individuals who take part in a research study, providing data or undergoing certain conditions for the purpose of scientific inquiry.

Asch Line-length Experiment

A social psychology experiment demonstrating the power of conformity, where individuals doubted their own perceptions in a group setting to match the group opinion.