A Company Keeps Track of Unit Sales and Notes a Strong

question 21

Multiple Choice

A company keeps track of unit sales and notes a strong trend during the past eight periods.They use an adjusted exponential smoothing model with an alpha equal to 0.7 and a beta equal to 0.6.Using the demand data and previous forecasts shown in the table,develop a forecast for period 4.

• A)82.2
• B)84.9
• C)87.5
• D)91.6

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Definitions:

Proficiency Test

An assessment designed to measure an individual's knowledge or competence in a particular area.

Dependent Variable

A variable in an experiment or study whose changes are a result of alterations in one or more independent variables.

Confidence Interval

A spectrum of values, taken from statistical samples, expected to encompass the value of a not yet known population parameter.

Seed Density

The number of seeds sown per unit area in agricultural practices, affecting crop yield and spacing.