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

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Definitions:

Research Survey

A systematic method of collecting information from individuals, typically by asking them questions through interviews or questionnaires, to gather data for analysis.

Source Credibility

The perceived trustworthiness, expertise, and reliability of the sender of information.

Competent

Having the necessary ability, knowledge, or skill to do something successfully.

Persuasion Principle

fundamental concepts or strategies employed to influence others' attitudes, beliefs, or behaviors.