The Resource Allocation Method Used for the Online Auctions on EBay

question 343

Multiple Choice

The resource allocation method used for the online auctions on eBay is

• A) market price.
• B) lottery.
• C) contest.
• D) first-come, first-served.
• E) sharing equally.

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Definitions:

Exponential Smoothing Forecast

A time series forecasting method that applies decreasing weights to older data.

Previous Forecast Value

The forecast figure from the immediately preceding time period, used as a point of reference or comparison for current forecasting activities.

Operational Variations

Fluctuations in operational performance that can result from a variety of factors, including changes in demand, supply chain issues, or equipment failures.

Time Series

A sequence of data points, typically consisting of successive measurements made over a time interval.