THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 38

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The table below shows the quarterly sales of Dragon Ball Z action figures in a toy store.The forecaster uses the double exponential smoothing model to determine the forecast for future periods.
Given: α = 0.7 and β = 0.3

-The sales forecast for the 4^th quarter of year 8 is approximately ________ in 000's.

• A)169 units
• B)179 units
• C)189 units
• D)209 units

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Definitions:

Rational Expectations Theory

The hypothesis that individuals form future expectations on the basis of all available information, and thereby consistently predict future conditions accurately.

Rate Of Inflation

The annual percentage increase in the general level of prices for goods and services in an economy.

Business Expectations

The anticipations or outlooks of businesses regarding future economic conditions, which can influence their decisions on investment, hiring, and production.

Policy Activists

Individuals or groups advocating for specific changes in public policy to address particular issues.