A Counseling Service Records the Number of Calls to Their

question 7

Multiple Choice

A counseling service records the number of calls to their hotline for the last year.What is the forecast for March if an adjusted exponential smoothing model is used with α=0.8 and β=0.7? The unadjusted forecast for January is 123.5.

• A) 135.44
• B) 138.53
• C) 132.76
• D) 144.34

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Definitions:

International Trade

The exchange of goods and services between countries, allowing for increased efficiency and market expansion by capitalizing on comparative advantage.

Lower Opportunity Cost

A situation where choosing one option over another results in a lower forfeit of potential benefit from the other options.

Self-Sufficient

refers to the ability of an individual, community, or country to provide for all their needs independently, without external assistance.

Trading Partner

A country, organization, or entity with which a business or country conducts trade, sharing a mutual economic exchange.