The Wilson Company Is Interested in Forecasting Demand for Its

question 114

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,what is the difference between the forecast for period 13 using smoothing constants of alpha = 0.20 and beta = 0.40 and smoothing constants of alpha = 0.10 and beta = 0.30? (Assume that the starting values for period 0 are C = 745 and T = 32. )

• A)About 108 units
• B)Approximately 9 units
• C)Just under 32 units
• D)About 85 units

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Definitions:

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning and learning techniques.

Positive Consequences

Outcomes or effects that increase the likelihood of a behavior being repeated, due to rewarding or reinforcing qualities.

Contingency Management

A behavioral therapy technique that modifies behavior by altering the consequences, often through rewards or punishments, based on the occurrence or non-occurrence of target behavior.

Stimulus Control

A behavioral treatment strategy aimed at limiting exposure to stimuli that trigger unwanted behaviors.