Simple Exponential Smoothing Is Being Used to Forecast Demand

question 109

Multiple Choice

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:

• A)0.01.
• B)0.10.
• C)0.15.
• D)0.20.
• E)0.60.

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Definitions:

Steroids

A type of organic compound that plays many roles in the human body, including as hormones and vitamins.

Catastrophizes

Catastrophizes refers to the tendency to overestimate the potential negative outcomes of a situation or event.

Irrational Process

Mental activities beyond logical reasoning, often influenced by emotions or subconscious thoughts.

Activating Event

In cognitive-behavioral therapy, an external situation or internal mental event that triggers a chain of thoughts, emotions, and behaviors.