The Exponential Smoothing Method Requires Which of the Following Data

question 69

Multiple Choice

The exponential smoothing method requires which of the following data to forecast the future?

• A)The most recent forecast
• B)Precise actual demand for the past several years
• C)The value of the smoothing constant delta
• D)Overall industry demand data
• E)Tracking values

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Definitions:

Merchandise Sold

This represents the goods that have been sold and delivered to customers.

Defective Merchandise

Goods that fail to meet quality standards and are therefore returned, repaired, or sold at a discounted price.

Selling Price

Selling price is the amount of money for which a seller is willing to sell his or her product or service.

Sales Allowance

A reduction in the sale price granted by the seller to the buyer, often due to minor defects or because the buyer has returned part of the order.