Assume That the Forecast for the Last Period Is FIT_t

question 20

Multiple Choice

Assume that the forecast for the last period is FIT_t = 200 units,and recent experience suggests a likely sales increase of 10 units each period.Actual sales for the last period reached 230 units.Assume a smoothing coefficient of α = 0.20 and a trend smoothing coefficient of β = 0.10.What is the ADJUSTED forecast for the next period?

• A)210.0
• B)210.6
• C)216.6
• D)216.0

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Definitions:

Skilled Occupations

Jobs that require specialized knowledge or abilities, often acquired through education, training, or experience.

Skilled Labor

Skilled labor refers to workers who have specialized training, experience, or education that enables them to perform specific tasks.

Unskilled Labor

Work that requires minimal specialized skills or training, often involving manual or routine tasks.

Domestic Demand

The total demand for goods and services within a country, including both consumer spending and business investment.