THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 32

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The table below is the data set of the Shiller Real Home Price Index for the years 1894-1904.
Use a smoothing constant of α = 0.8 to determine the forecasts using simple exponential smoothing.

-Which of the following years has the forecast value 98.44?

• A)1894
• B)1899
• C)1902
• D)1904

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Definitions:

Deskilling

Refers to the process by which work tasks are broken into simple routines requiring little training to perform. Deskilling is usually accompanied by the use of machinery to replace labor wherever possible and increased management control over workers.

Complex Tasks

Activities or problems that require a high level of cognitive processing, involving multiple steps, decision making, or the integration of various skills and knowledge.

Simple Routines

Basic, repeatable actions or practices that individuals regularly follow in their daily lives.

Division of Labor

The allocation of different tasks or jobs to different people or groups, usually based on specialization.