Professor Very Busy Needs to Allocate Time Next Week to Include

question 32

Multiple Choice

Professor Very Busy needs to allocate time next week to include time for office hours. He needs to forecast the number of students who will seek appointments. He has gathered the following data:

What is this week's forecast using exponential smoothing with alpha = 0.2, if the forecast for two weeks ago was 90?

• A)49
• B)50
• C)52
• D)65
• E)78

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Definitions:

Ending Inventory Balance

The total value of all inventory held by a company at the end of an accounting period.

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Overstated Costs

The reporting or recording of expenses that are higher than the actual or true costs incurred.

Inventory Costs

Inventory Costs encompass all expenses related to holding and managing inventory, including purchasing, storing, and handling costs.