While Developing a Forecast of Sales for 1979-80, ABC Company

question 78

True/False

While developing a forecast of sales for 1979-80, ABC Company managers felt that events in the recent past had a much higher similarity to the expected future conditions than those in the more distant past.Assuming that this premise is correct, exponential smoothing would provide a better forecast than a simple moving average.

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Definitions:

Bandura

Refers to Albert Bandura, a psychologist known for his social learning theory, emphasizing the role of observational learning, self-efficacy, and reciprocal determinism.

Deci And Ryan

Psychologists who are known for their development of the Self-Determination Theory, which focuses on different types of motivation and the roles they play in influencing behavior.

Extrinsic Factors

External elements or influences that affect behavior, motivation, or attitudes, and are not inherent to the individual.

Intrinsically Motivated

Driven by internal rewards or satisfaction, not external incentives or pressures.