Given a Prior Forecast Demand Value of 1,100, a Related

question 23

Multiple Choice

Given a prior forecast demand value of 1,100, a related actual demand value of 1,000, and a smoothing constant alpha of 0.3, what is the exponential smoothing forecast value?

• A) 1,000
• B) 1,030
• C) 1,070
• D) 1,130
• E) 970

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Definitions:

Problem Solving

The process of identifying a problem, devising alternatives to solve it, and implementing a solution.

Business Intelligence

The use of data analysis tools and methodologies by organizations to make data-driven decisions.

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A behavior pattern in which an individual or group continues to follow a failing course of action based on the time, money, or resources already invested.

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The ability to remain flexible and seize new opportunities while still maintaining a focus on long-term strategic goals.