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Simple exponential smoothing is being used to forecast demand. The previous forecast of 66 turned out to be four units less than actual demand. The next forecast is 66.6, implying a smoothing constant, alpha, equal to:
Nuclear Reactors
Devices used to initiate and control a sustained nuclear chain reaction, primarily for the generation of electricity or for the production of nuclear materials for medical or military use.
Coal Reserves
Quantities of discoverable coal resources that can be economically and legally extracted at current prices.
Reactor Core Meltdown
A severe nuclear reactor accident characterized by the melting of the core components, leading to potential radiation release.
Fossil Fuels
Natural fuels such as coal, oil, and natural gas, formed from the fossilized remains of ancient plants and animals.
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Q29: In exponential smoothing, an alpha of 1.0
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