A Company Using Exponential Smoothing Technique for Forecasting Their Sales

question 5

True/False

A company using exponential smoothing technique for forecasting their sales in 2012,is likely to award a 1.5 weight for sales data of 2012,2.0 weight for sales data from 2011,and 2.5 weight for the sales data from 2009.

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Definitions:

Individuals

Single human beings, as opposed to groups or collectives, considered as independent units.

Groups

Collections of individuals who interact with each other, share similar characteristics, and collectively have a sense of unity or identity.

W. E. B. DuBois

An American sociologist, historian, and civil rights activist, DuBois was a leading figure in early efforts to study African American history and co-founder of the NAACP.

Ph.D.

Stands for Doctor of Philosophy, a doctoral degree awarded by universities, representing the highest level of academic achievement in a particular field of study.