A Concert Promoter Is Forecasting This Year's Attendance for One

question 143

Multiple Choice

A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data:

What is this year's forecast using exponential smoothing with alpha = 0.2, if last year's smoothed forecast was 15,000?

• A)20,000
• B)19,000
• C)17,500
• D)16,000
• E)15,000

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Definitions:

Multilevel Systems Model

A framework for understanding how different levels (individual, group, organizational) interact and influence one another within a system.

Societal Learning

Learning that occurs at a community or societal level, involving shared knowledge, practices, and values that are passed among members.

Task Interdependence

The degree to which tasks within a team or organization rely on each other to be successfully completed.

Group Structure

The system of roles, norms, and relationships within a group that determines how it functions and interacts.