As a Consultant You Have Been Asked to Generate a Unit

question 70

Multiple Choice

As a consultant you have been asked to generate a unit demand forecast for a product for year 2017 using exponential smoothing.The actual demand in year 2013 was 750.The forecast demand in year 2016 was 960.Using this data and a smoothing constant alpha of 0.3,which of the following is the resulting year 2017 forecast value?

• A)766
• B)813
• C)897
• D)1,023
• E)1,120

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Definitions:

Equipment

The tools, machinery, or other apparatus used for specific purposes, especially in professional or industrial settings.

Emotional Support

Concern for others’ well-being and support of their decisions in a job setting.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees, affecting a company's stability and continuity.

Fast-Food Restaurants

Eateries that serve quick, easily accessible, and inexpensive food, often through counter service or drive-thru.