The Forecast Was 70 Units for the Current Period While

question 42

Multiple Choice

The forecast was 70 units for the current period while actual demand was 76.The forecast for the next period is 75.8.What is alpha if a simple exponential smoothing forecast method is being used?

• A) 0.004 .
• B) 0.967
• C) 0.040
• D) 0.097

---

Definitions:

Principal's Funds

Resources or capital belonging to the principal in a transaction or investment scenario, as opposed to the agent's or broker's funds.

Intermingle

To mix or blend together elements or groups that were previously separate.

Engineering Department

A division within an organization responsible for applying scientific principles to design, develop, and maintain products, systems, or structures.

Independent Contractor

An individual who provides services to another entity under terms specified in a contract or within a freelance agreement, not considered an employee.