Given an Actual Demand of 59, a Previous Forecast of 64

question 15

Multiple Choice

Given an actual demand of 59, a previous forecast of 64, and an alpha of .3, what would the forecast for the next period be using simple exponential smoothing?

• A) 36.9
• B) 57.5
• C) 60.5
• D) 62.5
• E) 65.5

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Definitions:

New York Market

Refers to the financial markets based in New York City, which include the New York Stock Exchange among others, and are central to global finance.

Experiment

A process conducted to explore a new idea, examine a theory, or prove an established truth.

Stages

Various phases or steps in a process or procedure.

Permutations

The arrangement of all or part of a set of objects, with regard to the order of the arrangement. For example, all possible orders in which a set of objects can be arranged.