Company Wants to Generate a Forecast for Unit Demand for Year

question 31

Multiple Choice

company wants to generate a forecast for unit demand for year 2017 using exponential smoothing.The actual demand in year 2016 was 120.The forecast demand in year 2016 was 110.Using this data and a smoothing constant alpha of 0.1,which of the following is the resulting year 2017 forecast value?

• A)100
• B)110
• C)111
• D)114
• E)120

---

Definitions:

Correlational Method

A research strategy used to examine the relationship between variables, without implying causation.

Experimental Method

A scientific approach to research in which variables are manipulated to observe their effect on other variables, allowing for determination of cause-and-effect relationships.

Focus Group

A research method involving guided discussions with a group of people to gather diverse perspectives on a particular subject.

Positive Correlation

Positive correlation exists when two variables move in the same direction, meaning that as one variable increases, the other variable also increases.