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Using Data Set E1, What Would Be the Forecast for Period

question 33

Multiple Choice

Using Data Set E1, what would be the forecast for period 6 using the exponential smoothing method? Assume the forecast for period 5 is 14000.Use a smoothing constant of = 0.4 (Choose the closest answer.)


Definitions:

Simplify

The process of making an expression easier to understand by reducing it to its most basic form.

Algebraic Expression

A mathematical phrase combining numbers, variables, and operation symbols to represent a specific value or set of values.

Evaluate

To compute or find the value of a mathematical expression or function through substitution of known values.

Verbal Phrase

A phrase that is used to express an action or a state of being, often translated into a mathematical expression.

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