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:

Temperament

Genetically based behavioral tendencies seen in young children.

Personality

The combination of characteristics or qualities that form an individual's distinctive character.

Learned Behavior

Skills or responses that are acquired through observation, experience, or instruction, rather than being innate or instinctual.

Shyness

A feeling of apprehension, lack of comfort, or awkwardness especially when a person is around other people.