THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 95

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The table below is the data set of the number of preorders received for a particular game on a weekly basis.
The forecaster uses the Holt-Winters Exponential Smoothing for nonseasonal series to forecast the number of preorders in future time periods.
He uses α = 0.8 and β = 0.5.(Hint: Use the formula from the text to arrive at the answers. )

-What is the approximate level estimate for week 8?

• A)453 units
• B)539 units
• C)620 units
• D)696 units

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Definitions:

Mediation

A conflict resolution process involving a neutral third-party who helps disputing parties find a mutually acceptable solution without making decisions for them.

Railway Labor Act

A U.S. federal law originally passed in 1926 that governs labor relations in the railway and airline industries.

Med-arb

A hybrid dispute resolution process combining mediation and arbitration where unresolved issues in the mediation phase are arbitrated.

Chilling Effect

A situation where speech or conduct is suppressed by fear of penalization at the interests of those who have the power to penalize.