What Is the Forecast for This Year Using Exponential Smoothing

question 109

Multiple Choice

What is the forecast for this year using exponential smoothing with alpha = 0.5, if the forecast for two years ago was 16,000?

• A)18,750
• B)19,500
• C)21,000
• D)22,650
• E)22,800

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Definitions:

Medical Care

Professional health services that involve the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments.

Chronic Illnesses

Chronic Illnesses refer to long-term medical conditions that are typically progressive, such as diabetes, heart disease, and cancer, often requiring ongoing management and care.

Health Care Spending

The total expenditure on health services and goods within a country, including preventive and curative measures, over a specified period.

Hospitalizations

The act of admitting a patient to a hospital for observation, treatment, or surgery, often due to illness or injury.