Suppose That Demand in Period 1 Was 7 Units and the Demand

question 114

Multiple Choice

Suppose that demand in period 1 was 7 units and the demand in period 2 was 9 units. Assume that the forecast for period 1 was for 5 units. If the firm uses exponential smoothing with an alpha value of .20, what should be the forecast for period 3? (Round answers to two decimal places.)

• A) 9.00
• B) 3.72
• C) 9.48
• D) 5.00
• E) 6.12

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Definitions:

Human Resources

The division within a company that focuses on the recruitment, management, and direction of people who work in the organization.

Service

The action of helping or doing work for someone, often referring to activities provided by companies to fulfill customer needs aside from tangible products.

Operations

Encompasses all the activities and processes involved in running a business effectively, focusing on producing goods and providing services efficiently.

Outbound Logistics

The process involved in moving goods from a company to the end user, including warehousing, order fulfillment, and transportation.