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

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Definitions:

Inventory

The complete list of items such as merchandise, raw materials, and products that are in stock within a business's possession.

Credentialization

Refers to the increasing demand for formal educational qualifications or credentials for employment or social status.

Meritocracy

A social system in which advancement in society is based on an individual's capabilities and merits rather than on the basis of family, wealth, or social background.

Allocation

The process of distributing resources, goods, or responsibilities among people, organizations, or sectors in a society.