Given a Prior Forecast Demand Value of 1,100, a Related

question 23

Multiple Choice

Given a prior forecast demand value of 1,100, a related actual demand value of 1,000, and a smoothing constant alpha of 0.3, what is the exponential smoothing forecast value?

• A) 1,000
• B) 1,030
• C) 1,070
• D) 1,130
• E) 970

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Definitions:

Layouts

The arrangement of machinery, equipment, and personnel within a workplace to optimize productivity and efficiency.

Layout Strategies

Approaches and methods for organizing physical facilities, resources, and workstations for efficient workflow, productivity, and safety in industrial and service settings.

Non-Numeric Method

Decision-making or evaluation approaches that do not rely on quantitative numbers for analysis.

Assigned Cycle Time

The specific duration designated for the completion of a task or process in a production cycle.