The Wilson Company Is Interested in Forecasting Demand for Its

question 8

Multiple Choice

The Wilson Company is interested in forecasting demand for its XG-667 product for quarter 13 based on 12 quarters of data.The following shows the data and the double exponential smoothing model results for periods 1-12 using alpha = 0.20 and beta = 0.40. Based on this information,which of the following statements is true?

• A)If beta is changed to 0.20 and alpha remains at 0.20,the MAD for periods 2-12 is reduced.
• B)If beta is changed to 0.20 and alpha remains at 0.20,the forecast for period 13 is slightly reduced.
• C)The forecast bias for periods 2-12 is approximately 6.18.
• D)All of the above are true.

Understand the concepts of social mobility and socioeconomic status.

Analyze the impact of social inequalities on various societal aspects, including economic resources, occupational prestige, and education.

Explore the critique of social stratification theories and the concept of meritocracy.

Examine the role of social policies and attitudes in perpetuating or challenging social inequalities.

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Definitions:

MMPI

Minnesota Multiphasic Personality Inventory, a comprehensive psychological assessment tool used to diagnose mental disorders and assess personality structure.

Thematic Apperception Test

A psychological assessment tool involving storytelling in response to ambiguous images to reveal underlying emotions, attitudes, and needs.

Selective Migration

The process by which individuals choose to move to places that better match their preferences and needs, often resulting in certain demographics clustering in specific areas.

Compartmentalization

A psychological defense mechanism wherein a person separates conflicting thoughts, emotions, or experiences to avoid discomfort.