If a Firm Produced a Product That Was Experiencing Growth

question 18

Multiple Choice

If a firm produced a product that was experiencing growth in demand,the smoothing constant alpha (reaction rate to differences) used in an exponential smoothing forecasting model would tend to be which of the following?

• A)Close to zero
• B)A very low percentage,less than 10%
• C)The more rapid the growth,the higher the percentage
• D)The more rapid the growth,the lower the percentage
• E)50% or more

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Definitions:

Situational Attribution

The process of ascribing behavior to external factors, circumstances, or the environment.

Just World Hypothesis

The Just World Hypothesis is the belief that the world is a fair place and that people get what they deserve.

Conformity

The process of adjusting one's behavior or thinking to match those of other people or a group standard.

Compliance

The act of conforming to a request or demand from others, often used in a psychological context to describe when a person changes their behavior in response to an explicit or implicit request.