As a Consultant, You Have Been Asked to Generate a Unit

question 96

Multiple Choice

As a consultant, you have been asked to generate a unit demand forecast for a product for year 2014 using exponential smoothing.The actual demand in year 2013 was 750.The forecast demand in year 2013 was 960.Using these data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2014 forecast value?

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

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Definitions:

Approach-Avoidance Motivation

A psychological concept that describes the conflict involved when a person is faced with a choice or goal that has both attractive and unattractive aspects.

Implicit Motives

Describes unconscious desires, needs, or aspirations that influence an individual's behavior.

Explicit Motives

Refers to motivations that are consciously recognized and can be verbally expressed by an individual.

Cognitive Performance

The ability to perform tasks that require attention, memory, reasoning, problem solving, and decision-making.