The Forecast Value for September Was 10 $\alpha$ = 020, the Forecast Value for October Would Be ___

question 20

Multiple Choice

The forecast value for September was 10.6 and the actual value turned out to be 7.Using exponential smoothing with $\alpha$ = 0.20, the forecast value for October would be ___.

• A)10.10
• B)9.88
• C)12.00
• D)10.6
• E)8.88

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Definitions:

Essential Characteristic

A fundamental or inherent property that defines an entity, distinguishing it from others.

Liability

A company's financial debts or obligations that arise during the course of business operations.

Cumulative Preferred Stock

A type of preferred stock that entitles its holders to dividends that accrue if not paid in any year, payable before any dividends to common stockholders.

Dividends Payable

Liabilities on a company’s balance sheet representing amounts owed to shareholders as part of the profit-sharing from dividends declared.