As a Consultant, You Have Been Asked to Generate a Unit

question 24

Multiple Choice

As a consultant, you have been asked to generate a unit demand forecast for a product for year 2020 using exponential smoothing. The actual demand in year 2019 was 750. The forecast demand in year 2019 was 960. Using these data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2020 forecast value?

• A) 766
• B) 813
• C) 897
• D) 1,023
• E) 1,120

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Definitions:

Supply Chain

The interconnected network of individuals, organizations, resources, activities, and technologies involved in the production and sale of a product or service.

Supply Chain Management

The oversight and management of the flow of goods and services, including all processes that transform raw materials into final products.

Observable Behaviour

Actions or conduct that can be directly seen or measured, often used in psychological or organizational analysis.